Parliamentarians of Singapore have presented a bill that will strengthen and clarify the fight against money laundering. "Armenpress" informs about it, citing "Lenta.ru". If the norms proposed in the document are legalized, it will be easier for various state departments to exchange information. As a result, suspicious transactions will be investigated more effectively. It's about speeding up data sharing between Singapore's tax and customs officials and the Suspicious Transaction Investigation Office: "When estate agents and corporate service providers submit suspicious transaction reports, the Estate Agents Council and the Accounting and Corporate Regulatory Authority can access those reports. The real estate agents and corporate service providers are said to have come under government scrutiny for their alleged role in a $3 billion money laundering scheme involving 10 foreigners. The suspects were nicknamed the "Fujian Gang".
Singapore has decided to get tougher in its fight against money laundering
02.07.2024 20:16 |
Category
World
