All posts tagged "forgery"
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221EnforcementMAS Bans Two Former Insurance Agents for Dishonest Conduct
Former representatives of Aviva Financial Advisers and Great Eastern Life were banned for misconduct in the selling of integrated shield policies.
December 3, 2020 -
641EnforcementSingapore Lawyer Faces Life in Prison for Cheating, Breach of Trust
The JLC Advisors managing partner absconded with S$33.8mn in client money last year but was arrested in Malaysia. 19 new charges relate to his misappropriation of S$17.5 from another client.
October 22, 2020 -
882EnforcementSingapore Police Lay Second Charge Against Hin Leong Founder
The second charge is for a forged email that was used alongside an inter-tank transfer certificate to secure more than $56mn in trade financing.
September 29, 2020 -
447EnforcementMAS Bans Two Individuals for Fraud and Dishonest Conduct
Prohibition orders were issued against former representatives of Prudential Assurance Company Singapore and Bank of Singapore in two unrelated cases.
August 20, 2020 -
740Enforcement
Singapore Police Lay First Charge Against Hin Leong Founder
While investigations into other offences are ongoing, the charge of abetment of forgery for the purpose of cheating carries a punishment of up to ten years' imprisonment and a fine.
August 16, 2020 -
1.3KAML / KYCS. Korea Approves Use of Biometrics for Digital Identification
Korea's Fair Trade Commission has revised bank transaction law to allow the use of biometrics for identification in bank teller transactions.
July 6, 2020 -
1.4KAML / KYC
Two Singaporeans Charged for Cheating Eight Banks
Two former employees of a crude oil products supplier allegedly created fictitious sales contracts and invoices to obtain $340mn in financing from eight banks.
June 16, 2020 -
638ChinaCSRC Bans Six Executives for Kangmei Pharma Accounting Fraud
The company and 21 of its employees have also been fined for using false documents and transaction records to inflate cash positions.
May 17, 2020 -
930EnforcementMAS Issues Prohibition Orders Against Two Former Bank Employees
A former Barclays was deceived the bank into paying $10mn from client accounts to settle his personal debts. A further $10mn in Barclays losses came from unauthorised trading.
May 9, 2020 -
495Asia-PacificPhilippine SEC Orders Takeover of Brokerage Following Stock Theft
A settlement clerk siphoned client securities into a private account and sold them over eight years, leaving a $13.8 million hole in R&L Investments’ books.
November 19, 2019
