Commercial Affairs Department

SINGAPORE (Oct 11): The Monetary Authority of Singapore (MAS) is withdrawing the merchant bank status of Falcon Bank’s Singapore branch for its “serious failures in anti-money laundering (AML) controls and improper conduct” by senior management at i

SINGAPORE (Sept 15): SBI Offshore has lodged a report with the Commercial Affairs Department (CAD) of the Singapore Police Force over potential breaches over the purchase and sale of the 35% stake in Jiangyin Neptune Marine Appliance Co.

SINGAPORE (Aug 26): Monetary Authority of Singapore (MAS) has charged three Singaporean men with a total of 333 offences under the Securities and Futures Act in the city’s first-ever case of front-running, according to multiple local news sources.

SINGAPORE (Aug 25): Kelvin Ang Wee Keng, the second person charged in connection with Singapore’s on-going investigation of 1MDB will have his next pre-trial conference on 22 Sept 2016. His trial date has not been fixed yet, according to the Attorney Ge

SINGAPORE (June 13): The Monetary Authority of Singapore (MAS) on Monday said it is setting up dedicated departments to fight money laundering and strengthen enforcement.

SINGAPORE (June 8): Trek 2000 International, which is assisting the Commercial Affairs Department’s (CAD) investigation of a possible criminal offence, has clarified concerns about the hiring of a senior manager from a rival information technology firm.

SINGAPORE (May 27): Former BSI banker Yeo Jiawei, already in remand for six weeks, was denied bail by Supreme Court Justice Chan Seng Onn in court earlier today, over-ruling Thursday’s decision by State Court’s Christopher Goh to grant him bail of $60