UOB & OCBC Headquarters, Singapore
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & 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.










Singapore MAS Issues 15 Years Ban on Former UOB & OCBC Advisor for $1.18 Million Fraud, 7 Years Jail for Cheating 7 Clients with Fake Fixed Deposits & Investment Products to Transfer Money to Victims, Himself, Brother & Ex-Girlfriend

7th December 2022 | Singapore

Singapore central bank Monetary Authority of Singapore (MAS) has issued a 15 years ban (prohibition order) on former UOB & OCBC advisor (Han Delong) for $1.18 million fraud (S$1.96 million), after his Singapore court conviction to 7 years jail for cheating 7 clients with fake fixed deposits & investment products to transfer money to other victims, himself, brother & ex-girlfriend.   Singapore MAS: “Between February 2015 and April 2018, Mr Han deceived seven customers into transferring S$1,969,000 to his personal bank accounts, by promoting fictitious fixed deposits and other investment products to the customers. He forged bank documents to give the impression that the transactions were genuine. Mr Han used the monies cheated from the victims for his own benefit, including transferring some to his brother and former girlfriend, and repaying other victims. These offences took place while Mr Han was employed as a representative for UOB and OCBC and even after he left the employment of both banks.”  MAS on Singapore Court Conviction: “On 9 April 2021, Mr Han pleaded guilty and was convicted by the State Courts of 27 charges, namely 5 counts of criminal breach of trust, 7 counts of cheating, 1 count of forgery with the intent to cheat under the Penal Code, and 14 counts of transferring property which are benefits from criminal conduct under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act. Another 67 charges were taken into consideration for the purposes of sentencing. Mr Han was sentenced to 7 years’ imprisonment.”  Han Delong was a Senior Personal Banker at UOB (2014 to 2015) and Relationship Manager at OCBC (2016 to 2017).  See below for MAS announcement. 

“ Singapore MAS Issues 15 Years Ban on Former UOB & OCBC Advisor for S$1.96 Million Fraud, 7 Years Jail for Cheating 7 Clients with Fake Fixed Deposits & Investment Products to Transfer Money for Victims, Himself, Brother & Ex-Girlfriend “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
6th March Hong Kong | 13th March Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th March 2024 in Hong Kong, 13th March 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
10th April Hong Kong | 24th April Singapore

Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





Announcement – MAS issues Prohibition Order against Mr Han Delong for fraudulent and dishonest conduct

UOB & OCBC Headquarters, Singapore

MAS issues Prohibition Order against Mr Han Delong for fraudulent and dishonest conduct

Singapore, 7 December 2022… The Monetary Authority of Singapore (MAS) has issued 15-year prohibition orders (POs) against Mr Han Delong, a former representative of United Overseas Bank Ltd (UOB) and Oversea-Chinese Banking Corporation Limited (OCBC)Mr Han held the position of Senior Personal Banker during his employment at UOB between August 2014 and December 2015, and the position of Relationship Manager during his employment at OCBC between March 2016 and January 2017. . This follows his conviction for criminal breach of trust, cheating, forgery, and transferring and converting benefits of his criminal conduct.

Under the POs, which took effect on 7 December 2022, Mr Han is prohibited from providing any financial advisory service, and from taking part in the management, acting as a director, or becoming a substantial shareholder, of any financial advisory firm under the Financial Advisers Act 2001. He is also prohibited from performing any regulated activity and from taking part in the management, acting as a director, or becoming a substantial shareholder, of any capital markets services firm under the Securities and Futures Act 2001.

Between February 2015 and April 2018, Mr Han deceived seven customers into transferring $1,969,000 to his personal bank accounts, by promoting fictitious fixed deposits and other investment products to the customers. He forged bank documents to give the impression that the transactions were genuine. Mr Han used the monies cheated from the victims for his own benefit, including transferring some to his brother and former girlfriend, and repaying other victims. These offences took place while Mr Han was employed as a representative for UOB and OCBC and even after he left the employment of both banks.

On 9 April 2021, Mr Han pleaded guilty and was convicted by the State Courts of 27 charges, namely 5 counts of criminal breach of trust, 7 counts of cheating, 1 count of forgery with the intent to cheat under the Penal Code, and 14 counts of transferring property which are benefits from criminal conduct under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act. Another 67 charges were taken into consideration for the purposes of sentencing. Mr Han was sentenced to 7 years’ imprisonment.

These convictions gave MAS reason to believe that Mr Han had not performed and will not perform financial advisory services honestly. While Mr Han is no longer an appointed representative in Singapore, the POs were issued against him to safeguard the integrity of and trust in Singapore’s financial sector.

Section 409 of the Penal Code (Cap. 224, Rev Ed 2008)

Under this section, whoever being in any manner entrusted with property, or with any dominion over property, in his capacity of a public servant, or in the way of his business as a banker, a merchant, a factor, a broker, an attorney or an agent, commits criminal breach of trust in respect of that property, shall be punished with imprisonment for a term which may extend to 20 years, and shall also be liable to fine.

Section 420 of the Penal Code (Cap. 224, Rev Ed 2008)

Under this section, whoever cheats and thereby dishonestly induces the person deceived to deliver or cause the delivery of any property to any person, or to make, alter or destroy the whole or any part of a valuable security, or anything which is signed or sealed, and which is capable of being converted into a valuable security, shall be punished with imprisonment for a term which may extend to 10 years, and shall also be liable to fine.

Section 468 of the Penal Code (Cap. 224, Rev Ed 2008)

Under this section, whoever commits forgery, intending that the document or electronic record forged shall be used for the purpose of cheating, shall be punished with imprisonment for a term which may extend to 10 years, and shall also be liable to fine.

Section 47(1)(b) punishable under section 47(6)(a) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (Cap. 65A, Rev Ed 2000)

Under this section, any person who converts or transfers any property or removes it from the jurisdiction which is, or in whole or in part, directly or indirectly, represents, his benefits from criminal conduct shall be punished with a fine not exceeding $500,000 or to imprisonment for a term not exceeding 10 years or to both.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & 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?



Quick Links


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


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

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.

Sign Up / Register


    InvestorProfessionalFamily OfficeExecutive


    SubscriptionMembershipEvents


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










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










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





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




    Previous articleNBA Basketball League to Allow Sovereign Wealth Funds & Institutional Funds Including Endowments & Pension Funds to Buy 20%  Equity of a NBA Team
    Next articleUK Regulator FCA Requires Firms to Have Right Expertise to Check & Approve Financial Promotions & Advertisements, Strengthen Rules on Misleading Advertisements & High-Risk Investments
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia