FATF’s Positive Report Card for Singapore

FATF’s Positive Report Card for Singapore

Sharply tightened rules pay off following 2023 anti-money laundering case

By: Andy Wong Ming Jun

Singapore, which endured a massive S$3 billion money laundering affair perpetrated by Chinese cyber scam nationals dubbed the “Fujian Gang” in 2023, appears to have effectively closed the doors to scandal, according to the Paris-based Financial Action Task Force (FATF) in its latest Mutual Evaluation Report, an undoubted relief to …

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