There were about 1,100 single-family offices in Singapore at the end of 2022, compared with 700 in 2021. Read more at straitstimes.com.
SINGAPORE – Lawyers and tax consultants have urged banks to step up their compliance and monitoring processes in the light ofbut to avoid the xenophobic trap of focusing only on Chinese customers.
They also disagreed with some market observers who said the case reflected a need for tougher scrutiny of Chinese family offices, which manage family wealth.Get exclusive reports and insights with more than 500 subscriber-only articles every month
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