The Monetary Authority of Singapore (MAS) has issued a lifetime prohibition order (PO) against Ng Chong Hwa, also known as Roger Ng, a former managing director of Goldman Sachs (Singapore) Pte.
In a statement on Tuesday (Sept 5), MAS said the PO was issued following Ng's conviction in the United States for conspiracy to launder monies embezzled from 1Malaysia Development Bhd (1MDB), and violation of the United States' Foreign Corrupt Practices Act (FCPA).
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