Singapore family offices look to consolidate amid regulatory pressures

Nov 21, 2023

Family offices in Singapore are increasingly being forced to share operational resources or merge with other family offices, amid rising cost and regulatory pressures.

Singapore family offices look to consolidate amid regulatory pressures

Singapore family offices (FO) are assessing sharing operational resources or mergers after stricter tax and anti-money laundering regulations were imposed in July by the Monetary Authority of Singapore (MAS).

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