SINGAPORE (May 20): The Monetary Authority of Singapore (MAS) has issued a five-year prohibition order (PO) against Muhammad Hafiz Bin Ismail, a former representative of DBS Bank.

The PO was issued following Muhammad’s conviction for intentionally obstructing the course of justice by the state courts, and separate contraventions of the Financial Advisers Act and the Securities and Futures Act.

In January 2018, his uncle had been arrested for theft-related offences. To prevent the police from locating a safe belonging to his uncle, Muhammad directed his colleague to move the safe from his business premises...(click here for the full story on theedgesingapore.com).