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.
ETFs using the term ESG or sustainable in their name must have at least 80% of investments tied to environmental or social characteristics, according to the EU’s new fund naming rules. The European
The country’s financial regulatory body is exploring ways to expand opportunities for global participation in the crypto market. This intention was expressed by King Sung-ji, the head of the Financial
Today, the Commonwealth Secretariat and Cambridge University’s Centre for Resilience and Sustainable Development (CRSD) unveiled the final report for “Their Future, Our Action and the COMPASS
Spanish Prime Minister Pedro Sánchez has proposed taxes of up to 100% for non-resident non-EU purchasers of property in Spain, as one of several measures intended to address the housing crisis. Sánchez