To fight money laundering, we need sharp eyes but not silent directors
Singapore
- by autobot
- Aug. 8, 2024
- Source article
Publisher object (23)
Singapore to tighten regulations on corporate service providers (CSPs). The move followed the conclusion of the $3 billion money laundering case – the state’s largest episode to date. The latest measure highlights the Government’s determination to clean up the dirty money problem, which has caused Singapore’s reputation as a clean financial centre to take a hit. The focus on CSPs is noteworthy, as it tackles the overlooked part of our financial system – the humans.