MAS Faults Three Arrows Capital for Sharing False Information

Despite its current woes as a liquidated company, the Monetary Authority of Singapore ( ) has come out openly to accuse Three Arrows Capital (TAC), also popularly called 3AC, of providing it with false information about key aspects of its business.

As a Registered Fund Management Company (RFMC) operating on its shores, the MAS said Three Arrows Capital exceeded the legal limits with respect to its Asset Under Management (AUM) which is pegged at S$250 million. Despite being licensed in Singapore, Three Arrows Capital informed the MAS that it plans to novate its operations to an entity in the British Virgin Islands as of September last year.