Global money laundering group urges Singapore to step up its efforts



An international group that monitors money laundering said on Tuesday that Singapore should pursue more offenders involved in international cases and take more action to confiscate suspicious funds moving through the city-state.
"Singapore maintains one of the lowest domestic crime rates in the world and therefore the bulk of Singapore's exposure to ML (money laundering) risks arises from offences committed overseas," the Financial Action Task Force (FATF) said in a report assessing Singapore efforts against money laundering and to counter the financing of terrorism.
The FATF... read more

 
27 September 2016 in Business, Views: 36
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31