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Bank of Singapore reprimanded by MAS

Bank of Singapore has drawn fire from industry watchdog, the Monetary Authority of Singapore (MAS), after the private bank “allowed” an unauthorised employee to conduct regulated activity. According to MAS, Bank of Singapore’s employee, who was neither an appointed representative, nor a provisional or temporary representative, dealt in securities from 1 April 2011 to 18 April 2011, bringing the private…

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