SINGAPORE: Singapore Reportedly Tightens Scrutiny on Family Offices & Hedge Funds

Singapore has been accelerating its tightening of various investment regimes since March after at least one of the defendants in a recent SGD3 billion (USD2.2 billion) money laundering case was involved a family office that received tax exemptions, Bloomberg reported, citing people with the knowledge of the matter. Singapore asked family offices and hedge funds to provide more information and further close down inactive business entities.

Family offices that were reportedly granted tax exemptions received new forms in May requesting more detailed information, and the forms need to be submitted by the end of June. Meanwhile, the Monetary Authority of Singapore (MAS) confirmed that it would abolish the licensing regime for hedge funds with assets of up to USD250 million by 1 August and replace it with a more stringent reporting mechanism.

27 December 2024

MALTA: Malta: VAT (Amendment) Act 2024 Published

The Maltese Official Gazette announced the publication of Act No. XXXVIII/2024, titled the VAT (Amendment) Act, 2024. The legislation introduces several changes to Malta’s value-added tax framework,

Read More
12 August 2024

TRADE: Developing Nations Ditch U.S. Dollar for Local Currencies

Central banks across many developing nations are increasingly moving their reserves into gold and local currencies, reducing their reliance on the U.S. dollar. This shift is driven by concerns over

Read More
12 September 2025

AFSIC: Investing in Africa Returns to London on October 14–15, 2025

Press release from AFSIC, Friday 12 September, 2025. The Premier Event for Driving Investment and Business Growth Across the African Continent AFSIC – Investing in Africa, one of the most influential

Read More
14 November 2024

EU: Trade Tensions at UN Climate Conference as Developing Nations Challenge EU’s Carbon Border Tax

Developing nations, notably China and India, clashed with richer countries over the inclusion of ‘unilateral trade measures’, such as the EU’s carbon border tax, in the UN climate

Read More