Singapore SFO tax incentive reforms are likely to move ahead as the Monetary Authority of Singapore seeks to keep the city competitive as a global wealth hub despite heightened scrutiny, industry observers said. Singapore has strengthened its reputation through swift and transparent handling of a SGD3bn (USD2.2bn) money-laundering case in 2023 and scrutiny linked to Cambodia’s Prince Group, reinforcing confidence in governance standards. MAS has proposed streamlining document

Singapore family office incentives are under scrutiny as authorities review a 2018 vehicle linked to Prince Holding Group chairman Chen Zhi, following his indictment in the US for allegedly directing a cyber-fraud network. Thailand’s Cyber Crime Investigation Bureau said it will coordinate with US agencies on potential asset seizures, while Singapore police are reviewing the case with overseas counterparts. US officials have seized around USD15bn in bitcoin, while the UK froz