Singapore seeks to tighten moneylaundering rules for family offices

Singapore seeks to tighten moneylaundering rules for family offices

FILE PHOTO: A view of the skyline in Singapore, January 27, 2023. REUTERS/Caroline Chia/File Photo

Singapore’s central bank said on Monday it was proposing measures to tighten money laundering surveillance of family offices, which handle the financial affairs of the super rich.

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