MAS Releases Key Enforcement Actions for Q2 2026: Licence Revocation, AML and Insider Trading Penalties

MAS published its quarterly enforcement round-up on 1 July 2026 covering five actions taken between April and June 2026. Payment institution Bsquared Technology Pte Ltd had its Major Payment Institution Licence revoked effective 14 May 2026 over risk-management weaknesses and false information, Padang Trust Singapore was fined $300,000 for AML/CFT breaches, Havenport Investments received a $40,000 composition fine with a senior-management reprimand, two individuals were convicted of Securities and Futures Act trading offences, and Dr Chua Han Boon Kenneth received a $120,000 civil penalty for insider trading in Singapore Medical Group shares.

• Bsquared Technology Pte Ltd's Major Payment Institution Licence revoked effective 14 May 2026 for risk-management weaknesses and false/misleading information
• Padang Trust Singapore fined $300,000 composition penalty for AML/CFT breaches
• Havenport Investments fined $40,000 with senior-management reprimand for regulatory non-compliance
• Two individuals (Tan Chun Yong, Xie Jianfeng) convicted of Securities and Futures Act trading offences with jail time and a $200,000 fine
• Dr Chua Han Boon Kenneth fined $120,000 civil penalty for insider trading in Singapore Medical Group shares