MAS to propose additional measures against SFO money laundering risks
MAS is proposing measures to step up surveillance and defence against money laundering risks in the fast-growing single-family office (SFO) sector. Managing director Ravi Menon clarifies that the bulk of wealth flowing into Singapore does not come from family offices or high-net-worth individuals (HNWIs) but from institutional investors. The central bank is seeking to require […]