MAS slaps bans on four finance-industry professionals for fraud and dishonest conduct

Singapore

THE Monetary Authority of Singapore (MAS) has issued prohibition orders against three former insurance agents and a former bank employee for fraudulent and dishonest conduct.

The four individuals are Edwin Teh Chin Hong and Joseph Michael, both formerly with Great Eastern Life Assurance (GE), Aloysius Zephaniah Lim Bing Hong, who was from Prudential Assurance Singapore, and Ng Wei Ling, a former employee of United Overseas Bank (UOB).

In a statement on Friday, the regulator said it has issued prohibition orders of nine years against Teh, eight years against Ng, and five years each agai…