Tightening Singapore’s security against illicit financial activities

Observers say must continue being proactive in maintaining the highest standards of integrity so it can carry on as a trusted financial hub. ST FILE PHOTO
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SINGAPORE – A $2.8 billion money laundering case that rocked Singapore in 2023 has put a spotlight on the Republic’s work in having to continuously monitor and improve its legislative and regulatory measures.

Lawyers said the country needs to also continue being proactive in maintaining the highest standards of integrity so it can carry on as a trusted financial hub.

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