MAS issues lengthy prohibition orders against three individuals for fraud, dishonesty

Singapore

THE Monetary Authority of Singapore (MAS) has imposed prohibition orders (POs) on three individuals who worked separately for HSBC, UOB and NTUC Income after their convictions in court for offences involving fraud and dishonesty, it announced on Wednesday.

Emeline Tang Wei Leng, formerly a senior vice-president with HSBC, was slapped with a 20-year ban for deceiving five individuals, including her own family member, into handing over more than S$5 million on the pretext of placing fixed deposits with the bank on their behalf, and later giving forged documents as proofs of these deposits.