Monetary Authority of Singapore seeks more powers to probe financial misconduct


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SINGAPORE, July 2 (Bloomberg): The Monetary Authority of Singapore is seeking feedback on a proposal to strengthen its ability to gather evidence by allowing its officers to enter premises without prior notice or a court warrant during investigations into financial misconduct.

The regulator said the amendments will be made to a financial institutions bill to cover investigations under the Securities and Futures Act or the Financial Advisers Act in cases whenever there is risk of evidence being destroyed.

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