Singapore MAS Key Regulatory & Enforcement Actions 2026 Q1: 1) 7-Year Ban on ex-One Asia Investment Partners (OPIA) Fund Manager & Director Sun Weiyeh after 6-Month Jail Sentence Conviction for Committing Fraud on Investors of OAIP (Fund A), 2) Singapore MAS & Police Investigate, Seized $125 Million (S$160 Million) & Arrested 2 Directors from Singapore $1.1 Billion Fund Management Firm Capital Asia Investments for Suspected Money Laundering & Regulatory Failures, 3) 16-Year Ban on ex-Citibank Relationship Manager & China Citizen Wang Qiming Who was Sentenced to 2-Year Jail Term for Forgery, Money Laundering & Obstruction of Justice, and 4) 7-Year Ban on ex-Julius Baer Private Banker & China Citizen Kelvin Liu Kai Who was Sentenced to 4-Month Jail Term for Using Forged China Tax Document to Support Opening Julius Baer Bank Account in 2020 for Convicted Lin Baoying
2nd April 2026 | Hong Kong
Monetary Authority of Singapore (MAS) Key Regulatory & Enforcement Actions 2026 Q1 – 1) In 2026 January, Monetary Authority of Singapore (MAS) issued a 7-year ban (Prohibition Order) on ex-One Asia Investment Partners (OPIA) fund manager & director Sun Weiyeh after his 6-month Singapore court jail sentence conviction for committing fraud on investors of OAIP (Fund A), selling 2 OTC bonds at lower prices in OAIP (Fund A) to another OAIP fund (Sun Weiyeh is majority Shareholder) resulting in $342,500 losses to investors in OAIP (Fund A) 2) In 2026 March, Monetary Authority of Singapore & Singapore Police are investigating, and have seized $125 million (S$160 million) & arrested 2 Directors from Singapore $1.1 billion fund management firm Capital Asia Investments for suspected money laundering & regulatory failures. Singapore MAS had received information about possible unlawful activities & Singapore police had received information from Suspicious Transaction Reporting Office (STRO). Capital Asia Investments was founded in 2017 by Eugene Tang (Previously UBS, UOB Kay Hian & One Asia Investment Partners) & George Tan (Previously Citibank, Standard Chartered Bank, UOB, EFG Bank, Pictet Bank & Indosuez Wealth Management). In 2025, Capital Asia Investments was reported to be trading $516 million of Thailand shares relating to Cambodia businessman Yim Leak ($410 million assets frozen by Thailand court in 2026 February), and via Finansa Investment which was co-founded by ex-Thailand Deputy Finance Minister Vorapak Tanyawong (Stepped down in 2025 October) and is a related entity to Capital Asia Investments. In 2026 March, Singapore $2.2 Billion Money Laundering – Monetary Authority of Singapore (MAS) has issued a 3) 16-year ban on ex-Citibank Relationship Manager & China citizen Wang Qiming who was sentenced to 2-year jail term for forgery, money laundering & obstruction of justice (More info below), and 4) 7-year ban on ex-Julius Baer Private Banker Kelvin Liu Kai who was sentenced to 4-month jail term for using forged China tax document to support opening Julius Baer bank account in 2020 for convicted Lin Baoying.
“ Singapore MAS Key Regulatory & Enforcement Actions 2026 Q1: 1) 7-Year Ban on ex-One Asia Investment Partners (OPIA) Fund Manager & Director Sun Weiyeh after 6-Month Jail Sentence Conviction for Committing Fraud on Investors of OAIP (Fund A), 2) Singapore MAS & Police Investigate, Seized $125 Million (S$160 Million) & Arrested 2 Directors from Singapore $1.1 Billion Fund Management Firm Capital Asia Investments for Suspected Money Laundering & Regulatory Failures, 3) 16-Year Ban on ex-Citibank Relationship Manager & China Citizen Wang Qiming Who was Sentenced to 2-Year Jail Term for Forgery, Money Laundering & Obstruction of Justice, and 4) 7-Year Ban on ex-Julius Baer Private Banker & China Citizen Kelvin Liu Kai Who was Sentenced to 4-Month Jail Term for Using Forged China Tax Document to Support Opening Julius Baer Bank Account in 2020 for Convicted Lin Baoying “
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| Date | Regulatory/ Enforcement Actions | Details |
| 14 January 2026 | MAS issued a 7-year PO against Mr Sun Weiyeh, a former fund manager and director of One Asia Investment Partners (OAIP). This follows his conviction in the State Courts for committing acts which were likely to operate as a fraud on investors of a fund managed by OAIP. | MAS Issues Prohibition Order against Mr Sun Weiyeh |
| 09 March 2026 | MAS and the Police jointly conducted enforcement operations against Capital Asia Investments Pte Ltd (“Capital Asia Investments”) and its directors for suspected money laundering offences under Section 54 of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992, and suspected failure to comply with various obligations as a licensed capital markets services licence holder under the Financial Services and Markets Act 2022. | Licensed Fund Management Company And Its Officers Investigated For Suspected Money Laundering And Suspected Failure To Comply With Obligations As A Licensed Capital Markets Services Licence Holder |
| 17 March 2026 | MAS issued a 16-year PO against Mr Wang Qiming and a 7-year PO against Mr Liu Kai, former relationship managers, who were convicted of charges connected to the major money laundering case of August 2023 | MAS Issues Prohibition Orders against former Relationship Managers, Mr Wang Qiming and Mr Liu Kai |
Singapore MAS Key Regulatory & Enforcement Actions 2026 Q1: 1) 7-Year Ban on ex-One Asia Investment Partners (OPIA) Fund Manager & Director Sun Weiyeh after 6-Month Jail Sentence Conviction for Committing Fraud on Investors of OAIP (Fund A), 2) Singapore MAS & Police Investigate, Seized $125 Million (S$160 Million) & Arrested 2 Directors from Singapore $1.1 Billion Fund Management Firm Capital Asia Investments for Suspected Money Laundering & Regulatory Failures, 3) 16-Year Ban on ex-Citibank Relationship Manager & China Citizen Wang Qiming Who was Sentenced to 2-Year Jail Term for Forgery, Money Laundering & Obstruction of Justice, and 4) 7-Year Ban on ex-Julius Baer Private Banker & China Citizen Kelvin Liu Kai Who was Sentenced to 4-Month Jail Term for Using Forged China Tax Document to Support Opening Julius Baer Bank Account in 2020 for Convicted Lin Baoying
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