Print this article

Singapore Regulator Orders Wealth, Asset Manager To Shut Shop

Josh O'Neill

13 April 2017

Singapore's regulator and central bank has revoked the licence of was issued a winding up order by the High Court of Singapore.”

The watchdog reiterated that every licensed financial institution has a duty to ensure that it has effective management of its operations and financials, and that it remains compliant with MAS' rules and regulations. 

Last year, MAS kicked out Falcon Private Bank and BSI amid its biggest crack down on alleged money laundering.