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joeyygagner
2021-07-02

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Singapore’s MAS Seeks More Powers To Probe Financial Misconduct

The Monetary Authority of Singapore is seeking feedback on a proposal to strengthen its ability to g

Singapore’s MAS Seeks More Powers To Probe Financial Misconduct

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MAS also wants to extend this power to legal regulations governing banking, insurance, trust companies and payment services as well as the omnibus act for the financial sector.</p>\n<p>“This will strengthen MAS’ ability to hold persons accountable for offences under those Acts, “ MAS said in astatementon Friday.</p>\n<p>Other proposed amendments include:</p>\n<ul>\n <li>MAS may be able to reprimand a person for misconduct even after he or she has left a financial institution or the wider sector.</li>\n <li>Enabling MAS to impose requirements on certain financial institutions to manage risks arising from the conduct of unregulated businesses.</li>\n</ul>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore’s MAS Seeks More Powers To Probe Financial Misconduct</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore’s MAS Seeks More Powers To Probe Financial Misconduct\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 17:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-02/singapore-s-mas-seeks-more-powers-to-probe-financial-misconduct><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Monetary Authority of Singapore is seeking feedback on a proposal to strengthen its ability to gather evidence by allowing its officers to enter premises without prior notice or a court warrant ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-02/singapore-s-mas-seeks-more-powers-to-probe-financial-misconduct\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-07-02/singapore-s-mas-seeks-more-powers-to-probe-financial-misconduct","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140601245","content_text":"The Monetary Authority of Singapore is seeking feedback on a proposal to strengthen its ability to gather evidence by allowing its officers to enter premises without prior notice or a court warrant during investigations into financial misconduct.\nThe regulator said the amendments will be made to a financial institutions bill to cover investigations under the Securities and Futures Act or the Financial Advisers Act in cases whenever there is risk of evidence being destroyed. 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