The Bill seeks to send a strong signal to the international community that Singapore is fully committed to combating money laundering, said NMP Neil Parekh Nimil Rajnikant.
Speaking in Parliament on Tuesday , he believes the measures can improve trade relations with other countries as partners will have greater trust in Singapore's regulatory framework and protect legitimate businesses from being undermined by unfair competition from entities engaged in money laundering.
Speaking in Parliament on Tuesday , he believes the measures can improve trade relations with other countries as partners will have greater trust in Singapore's regulatory framework and protect legitimate businesses from being undermined by unfair competition from entities engaged in money laundering.
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