Singapore-registered Family Offices Under Scrutiny

Sarah Jane Mahmud, Senior Analyst, Bloomberg Intelligence

06-Feb-24 07:30

Singapore-registered Family Offices Under Scrutiny

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Singapore has been seeing an influx of wealthy families interested in setting up single family offices in Singapore with an interest to tap into tax incentives. As money-laundering cases are also becoming a growing concern, authorities are weighing tougher measures. Sarah Jane Mahmud, a senior analyst at Bloomberg Intelligence, shares her views on this issue.

Image credit: Shutterstock.com

Produced by: Moh Heng Ying

Presented by: Wong Shou Ning, Keith Kam

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Categories: economy, international, corruption

Tags: single family offices, private wealth singapore, singapore banking, singapore, money laundering,

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