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MAS Issues Prohibition Orders Against Individuals involved in 1MDB Related Matters

The Monetary Authority of Singapore (MAS) has issued a 10 year Prohibition Order against Mr Tim Leissner, a former director of Goldman Sachs (Singapore). It has also served notice of its intention issue prohibition orders against three individuals who are currently being investigated.

“It has also served notice of its intention issue prohibition orders against three individuals who are currently being investigated.”

The individuals are Jens Fred Sturzenegger, former branch manager of Falcon Private Bank, as well as Mr Yak Yew Chee and Ms Yvonne Seah Yew Foong, both of whom were former employees of BSI Bank Limited (BSI Bank).

News Source: MAS Press Release

 

About Monetary Authority of Singapore

Monetary Authority of Singapore
Monetary Authority of Singapore

Monetary Authority of Singapore (MAS) is Singapore’s central bank, which was formed back on 1 January 1971. It promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities. MAS manages Singapore’s exchange rate, foreign reserves and liquidity in the banking sector. It is also an integrated supervisor overseeing all financial institutions in Singapore — banks, insurers, capital market intermediaries, financial advisors, and the stock exchange.

  • Origin : Singapore
  • Assets : USD 385.12 billion
  • Revenue : USD 1.89 billion

Official Website: www.mas.gov.sg

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News & Media: Press Release

Updated on 8th August 2016



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