SINGAPORE ADOPTS WHOLE-GOVERNMENT APPROACH TO FIGHT MONEY LAUNDERING
October 1st, 2017
IT is no surprise that Singapore has a significant exposure to money laundering and terrorist finance. It is one of the world’s largest financial centres, a major free-trade hub and has neighbours where corruption and Islamic extremist insurgent groups remain are real threats.
Singapore’s quest to attract more international businesses to establish regional branch offices in the city state has in the past provided opportunities to those seeking to set up front companies used for money laundering.
On the other hand, the city state has long had a ...
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