MAS lays out enforcement actions, priorities in inaugural report

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SINGAPORE: By purchasing shares of Wilton Resources near the close of trading hours, Mok Piak Liang managed to artificially inflate the share ...

“There are ongoing investigations into other financial institutions and individuals suspected of being involved in the 1MDB-related offences,” MAS added.In its report, MAS also revealed the average time taken to review and investigate a case.

There were 37 outstanding cases of market abuse offences as of end-December, with insider trading making up 38 per cent of the total, followed by false trading at 35 per cent, corporate disclosure at 22 per cent and fraud at 5 per cent. These include strengthening the timeliness and adequacy of corporate disclosures by listed firms; business conduct of financial advisers and their representatives; financial institutions’ compliance with AML/CFT requirements; brokerage houses’ internal controls to detect and deter market abuse; and surveillance and investigations into suspected insider trading.

 

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