News in Brief - Caproasia Online
Caproasia.com | The leading source of data, research, information & resource for investment managers, professional investors, UHNW & HNW investors, and advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.







Monetary Authority of Singapore Issues 4 Years Ban Against Former Credit Suisse Banker

The Monetary Authority of Singapore (MAS) has issued a 4-year prohibition orders against Lim Fang Wee, with effect from 30th April 2018.

” Monetary Authority of Singapore Issues 4 Years Ban Against Former Credit Suisse Banker “

Fang Wee is a former representative of Credit Suisse in Singapore. He had deliberately concealed the identity of the true beneficial owner of 3 Credit Suisse accounts from the bank, making it more difficult for the bank to monitor and detect suspicious transactions.  He was responsible for servicing these 3 accounts and was aware that the individuals listed as beneficial owners in the bank’s records were in fact nominees.

The orders prohibit him from performing any regulated activity under the Securities and Futures Act (SFA) and any financial advisory service under the Financial Advisers Act (FAA), taking part in management, acting as director or becoming a substantial shareholder of any capital market services firm under the SFA and any financial advisory firm under the FAA.


Ads & Announcements



The prohibition orders against Mr Lim were issued by the MAS under sections of SFA and FAA.

 

Mr Lee Boon Ngiap, Assistant Managing Director (Capital Markets), MAS:

“The financial industry is the first line of defence in detecting suspicious transactions. Finance professionals who engage in dishonest conduct to frustrate the detection of such suspicious transactions must be dealt with firmly. This is necessary to safeguard public trust in our financial institutions and Singapore’s reputation as a clean financial centre.”

Source: MAS

 




2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM

Register Below
Latest 2022 data & reports, insights & news
Every Saturday & Sunday 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

For Investors | Professionals | Executives




New to Caproasia?
Join 10,000 +
Learn More | Sign Up Today







For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Subscribe / Sign Up / Contact Us


    Mailing ListFree TrialInvestor $680 YearlyProfessional $680 YearlyExecutive $2,000 Yearly


    Private WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights











    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014


    Web links may be disabled on mobile for security.
    Please click on desktop.









    Previous articleHong Kong SFC Fines CN Capital $127,000 for Breaching Trading Control Rules
    Next articleCharismatic Capital Launches New $250 Million Debt Equity Fund
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia