Crypto Holdings Included in Singapore Family Fund Checks

Reading Time: 2 minutes The Monetary Authority of Singapore has intensified its oversight of family funds after a $2.2 billion money laundering case Family funds in Singapore have been required to submit updated information, including cryptocurrency holdings, by the end of June Failure to provide the required information will result in potential criminal prosecution Cryptocurrencies held by family funds (FTOs) in Singapore will be examined as part of emergency checks carried out in the wake of a massive money laundering case in the country…
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