Tag : money laundering

Smaller private banks and hedge funds in Asia are prime targets for money laundering.

Regulators' global clampdown on illicit fund flows has given compliance officers nightmares in 2014 and resulted in a limited supply of experts in anti-money laundering.

Retail banks in the city have been tainted by recent money-laundering cases, leading some to suggest that asset managers are susceptible to being used for such activities.

The city-state's financial regulator is consulting on plans to designate tax crimes as money laundering predicate offences, reflecting a widespread trend.