MAS bans individuals involved in 1MDB scandal
Six people involved in 1MDB-related breaches have been issued prohibition orders
The Monetary Authority of Singapore has issued prohibition orders (POs) against several individuals involved in 1MDB-related breaches.
In the notice published on November 1, the MAS says it has issued POs to a total of six persons involved in 1MDB-related breaches, with notices of intention to issue POs served on another two. These POs issued have ranged from six years to lifetime bans.
“MAS expects professionals in the financial services industry to uphold high standards of integrity and
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