The Monetary Authority’s proposed anti-money laundering framework for single-family offices has been interpreted as ambiguous in some respects, and too prescriptive in others.
Tag : antimoney laundering
Singapore's central bank demonstrated its increased zeal to enforce anti-money laundering laws by revoking Falcon Private Bank's licence and heavily fining DBS and UBS.
The city's Securities and Futures Commission has identified areas of concern related to anti-money laundering controls and is investigating several firms.
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