Monday 18 September 2023

What is the MAS up to


The news about the capture of close to a billion Singapore dollar in assets under a suspicion of money laundering is only the beginning…

-          first there’s a reaction from MAS in the Business Times 

-          the MAS is pushing banks to probe harder to prevent ML read more here  

At the same time there are many doubts about the whole saga among others:

-        how could these foreigners acquire landed property (that’s a very stringent process in Singapore  as mentioned by Singaporelawwatch

-         why MAS is not more stringent towards real estate agents, car dealers and jewellers?


any thoughts?


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