By regulating corporate service providers, Singapore is taking a significant step towards safeguarding its economy from the perils of money laundering, proliferation and terrorism financing which are critical for maintaining national and international financial integrity, said MP Yip Hon Weng.
These bills are Singapore's commitment to ensure that companies operate within a framework that is not just stringent, but also just - by establishing high standards of regulation, he added. Mr Yip pointed out that Singapore is not only fortifying its defences against financial crimes but is also enhancing its attractiveness as a premier business hub.
These bills are Singapore's commitment to ensure that companies operate within a framework that is not just stringent, but also just - by establishing high standards of regulation, he added. Mr Yip pointed out that Singapore is not only fortifying its defences against financial crimes but is also enhancing its attractiveness as a premier business hub.
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