The Monetary Authority of Singapore (MAS) announced yesterday that it intends to issue a permanent prohibition order against Yeo Jiawei, the former BSI Bank employee already convicted of several charges in relation to 1MDB.

According to Channel News Asia, MAS has served notice of its intention to issue the prohibition order, which will prevent Yeo from being involved in any financial advisory or capital market activities.

In July, Yeo was sentenced to 54 months’ jail after pleading guilty to money laundering and cheating charges linked to 1MDB.

He was already serving a 30-month jail sentence after being convicted on four charges of witness tampering...