“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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