All posts tagged "forgery"
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391Asia-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 -
490EnforcementMAS Bars Four Individuals for Fraudulent, Dishonest Conduct
The former representatives from Great Eastern Life, Prudential and UOB abused the trust clients placed in them and enriched themselves at the expense of clients, MAS said.
October 14, 2019 -
953AML / KYCSingapore Banker Faces 94 Charges for S$1.9m Fraud
The former banker allegedly told his victims their funds would be placed as fixed deposits or in financial products, resulting in client losses over S$1.9mn.
October 8, 2019 -
318EnforcementIndia: PMC Bank Managing Director Confesses to Wrongdoing
PMC Bank's now-suspended managing director has reportedly confessed that the bank's loan exposures went unreported for over six years.
October 2, 2019 -
312EnforcementJapan Post to Check 30mn Contracts in Insurance Mis-selling Probe
Up to 183,000 Japan Post customers have been affected by unlawful insurance sales practices over the past five years, double the amount initially found.
August 3, 2019 -
1.1KEnforcementFormer Barclays Singapore Director Gets 13-Year Jail Term
The former private banker forged signatures and documents to siphon off $10mn from client bank accounts between 2010 and 2013.
July 5, 2019 -
615EnforcementMAS Imposes Multi-Year Bans for ‘Dishonest Conduct’
Two former representatives of Jefferies Singapore colluded to trade against their firm using privileged information, representing 'deceptive conduct' which contravenes the SFA.
May 10, 2019 -
503FeatureJapan’s Suruga Bank Ordered to Halt Property Lending
The bank was found to have extended inappropriate loans to businesses related to its founding members based on falsified proof of income and assets.
October 8, 2018
