MAS, CAD extend joint investigations to all capital markets, financial advisory offences

Singapore

THE Monetary Authority of Singapore (MAS) and the police's white-collar crime unit, the Commercial Affairs Department (CAD), will extend their joint investigations arrangement to now cover all offences under the Securities and Futures Act (SFA) and Financial Advisers Act (FAA).

The move, which takes effect from March 17 this year, will allow for greater efficiency and more effective enforcement of capital markets and financial advisory offences, the two agencies said in a joint press statement on Tuesday.