Determined to respond to financial crime risks: Singapore PM Wong

Quick Summary:

FATF is a global money laundering and terrorism financing watchdog.

Those involved had held money in bank accounts in Singapore and converted some into real estate, cars, handbags and jewellery.

With its status as an international financial hub, tax-friendly regime and seen as politically stable, Singapore has long been a haven for ultra-rich foreigners.

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Article Details

Category: BusinessFinance

Markets: IndiaSingapore

Topics: Money Laundering Singapore PM Financial crimes Lawrence Wong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-26 @ 10:28:06 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21391774

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 154 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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