The Singapore family office regulation 2025 update shows that 3% of around 1,300 applications for tax-exempt family offices were blocked over the past three years, while incentives were clawed back from two vehicles linked to the Prince Group, sanctioned by the UK and US for large-scale scams. Authorities said police seized more than SGD150m (USD110m) in assets, including properties and accounts. Singapore has tightened scrutiny after a SGD3bn money-laundering case in 2023 th