TechFlow news, according to Caixin Media, Singapore has exposed regulatory loopholes due to a massive S$3 billion money laundering case. The government is intensifying scrutiny of family offices and hedge funds, while also cleaning up inactive family offices. New regulations require family offices to provide detailed information and invest at least 10% or S$10 million in local projects. Industry insiders believe this could prompt some wealthy Chinese individuals to shift toward Hong Kong.
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