Singapore must send a clear message to the world that it is not a haven whose financial system can be easily exploited, said MP Louis Chua in Parliament on Tuesday (Jul 2).
Singapore must send a clear message to the world that it is not a haven whose financial system can be easily exploited, said MP Louis Chua in Parliament on Tuesday . He said the discovery of one of the world’s biggest money laundering operations in Singapore in the past year “shocked and captivated” people here and abroad, and that the term “Singapore-washing” has even been coined. He raised several concerns about a Bill proposing tighter regulation of corporate service providers .
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