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MAS slaps former UOB representative with 15-year prohibition orders

Singapore Business Review logo Singapore Business Review 8/12/2022 Staff Reporter
© Provided by Singapore Business Review

The court convicted Han Delong of criminal breach of trust, amongst others.

The Monetary Authority of Singapore (MAS) slapped former representative of United Overseas Bank Ltd (UOB) and Oversea-Chinese Banking Corporation Limited (OCBC), Han Delong, with 15-year prohibition orders (PO) after being found guilty of multiple offences.

According to the MAS, the court convicted Han of criminal breach of trust, cheating, forgery, and transferring and converting benefits of his criminal conduct.

The POs, which took effect on 7 December, prohibit Han from providing any financial advisory service and taking part in the management, acting as a director, or becoming a substantial shareholder of any financial advisory firm under the Financial Advisers Act 2001. 

He is also prohibited from performing any regulated activity and taking part in the management, acting as a director, or becoming a substantial shareholder of any capital markets services firm under the Securities and Futures Act 2001. 

 

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