The Monetary Authority of Singapore (MAS) published an overview of its key public enforcement actions from January to March 2026, including prohibition orders issued against former relationship managers Wang Qiming and Liu Kai. The release reiterates MAS’ enforcement toolkit for breaches of laws it administers, spanning reprimands, composition penalties, prohibition orders, civil penalties and referrals for criminal prosecution. It also notes that MAS considers deterrence and the need to safeguard the integrity of Singapore as a financial centre when determining the appropriate enforcement response.
Monetary Authority of Singapore 2026-04-01
Monetary Authority of Singapore publishes January–March 2026 enforcement roundup and issues prohibition orders against two former relationship managers
The Monetary Authority of Singapore published an overview of key public enforcement actions from January to March 2026, including prohibition orders against former relationship managers Wang Qiming and Liu Kai. The release reiterates MAS’ enforcement toolkit, ranging from reprimands and composition penalties to prohibition orders, civil penalties and criminal referrals, and highlights its focus on deterrence and safeguarding the integrity of Singapore as a financial centre.