SINGAPORE, June 20 (Xinhua) — Singapore, as a business, financial and trade hub, is vulnerable to being misused as a conduit to launder illicit funds derived from fraud committed abroad, said the Money Laundering National Risk Assessment issued Thursday. The document, jointly launched by the Ministry of Home Affairs, the Ministry of Finance, and the Monetary Authority of Singapore, identified fraud, especially
SINGAPORE, June 20 (Xinhua) — Singapore, as a business, financial and trade hub, is vulnerable to being misused as a conduit to launder illicit funds derived from fraud committed abroad, said the Money Laundering National Risk Assessment issued Thursday.
The document, jointly launched by the Ministry of Home Affairs, the Ministry of Finance, and the Monetary Authority of Singapore, identified fraud, especially