The influx of family offices handling money of Chinese origin has slowed in the wake of Singapore’s multibillion-dollar money-laundering scandal
Tighter checks for new applicants are partly to blame – but the city state’s elevated property prices and higher stamp duty aren’t helping, either.
In Singapore, the growth of Chinese family offices has been slowing amid the fallout from last year’s multibillion-dollar money-laundering scandal and tighter checks on new applicants.
More than S$3 billion (US$2.2 billion) in assets have been seized so far in connection with the sprawling case, which first hit the headlines in August last year when 10 China-born suspects were arrested.
Italy is demanding 12.5 million euros ($13 million) from Elon Musk’s social network X following a tax probe linked to a broader investigation into Meta. The case, which focuses on value-added tax
BCG’s report on Africa Climate Finance reveals that only 12% of the $2.4 trillion investment needed by 2030 has been met. Only 12% of the $2.4 trillion investment needed by 2030 for climate financing
In a historic move aimed at curbing tax evasion and ensuring fair taxation for multinational corporations, South Africa has officially signed the Global Minimum Tax Act into law, mandating that large
China’s stance on cryptocurrency has shifted significantly over the years, with the nation now hosting some of the world’s harshest regulations.Things are set to become even tougher for China-based