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Singapore anti-money laundering rules to raise bar for family offices

Padraic Convery
Proposed anti-money laundering rules are part of a broader drive to lift standards in the city-state’s burgeoning single-family office industry.
Singapore anti-money laundering rules to raise bar for family offices

Singapore has in the past two years attracted hundreds of single-family offices (SFOs) as it has offered a safe haven for the assets of rich-but-jittery mainland Chinese and other wealthy individual investors.

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