14 June 2024
Stefanie Yuen Thio quoted in Lianhe Zaobao: “我國加強審查家辦 要求本月內呈最新信息”
Features Stefanie Yuen Thio
Stefanie Yuen Thio was quoted in Lianhe Zaobao by Lewis Ong Yong Huat
The article centred on how inactive companies could be misused for money laundering.
Stefanie commented on how Singapore is taking action to reassure the wider international market that it responds to money laundering cases seriously. She pointed out that the fact that wrongdoers were able to open accounts and move such large amounts of funds to Singapore means KYC procedures were not always effective.
Stefanie also noted that it is good that banks are sending their officers for more in-depth training to spot the common ways of evading KYC checks and the ruses used by criminals.
Other news
21 April 2025
Leon Lim interviewed in Asian Legal Business: “New financial, regulatory measures boost SGX fundraising prospects in 2025”