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SINGAPORE: Prohibition orders have been issued against two former bank relationship managers convicted of offences related to money laundering, said the Monetary Authority of Singapore (MAS) on Tuesday (Mar 17).<\/p>\n
Given “the gravity of their misconduct”, the authority said that it issued a 16-year prohibition order against Wang Qiming and a seven-year prohibition order against Liu Kai.<\/p>\n
Under the prohibition orders, Wang, 26, and Liu, 36, are not allowed to perform any MAS-regulated or authorised activity or business.<\/p>\n
They are also barred from participating in the management of any financial institution and from acting as a director, partner or manager of any financial institution.<\/p>\n
In addition, the pair are prohibited from becoming, or increasing their interest as a substantial shareholder of, any financial institution that is a corporation.<\/p>\n
Wang and Liu, both Chinese nationals, were convicted of charges related to a major money-laundering case in August 2023.<\/p>\n
Wang, a former Citibank relationship manager, was convicted of four offences, including forgery, money laundering, and obstructing justice, in October 2025. He held S$481,678 (US$377,100) in laundered cash for <\/span>convicted money launderer Su Baolin<\/span>.<\/p>\n Six other charges were taken into consideration for sentencing.<\/p>\n