Bank Negara has issued another update to the probe on gold companies on 22nd Oct 2012 “in light of the numerous queries received”. In this update is an FAQ on “for the benefit of the members of the public, in particular the affected parties“. Readers can access the Bank Negara FAQ here.

Meanwhile, the Monetary Authority of Singapore (MAS) has issued a reply to Mr Tan Kin Lian and my letter on unregulated physical investments. In the reply, MAS stated that the Investor Alert List (IAL) lists unregulated persons or that MAS is aware of who have been wrongly perceived by the public as being licensed or authorised by MAS. This does not mean that they have breached any of MAS’ laws. Nor does it mean that MAS has powers to monitor their activities or investigate their operations. Where there is evidence of fraud or any other breaches of ...