The Monetary Authority of Singapore (MAS) will take action against any entity that breaches Singapore’s regulations, it said in response to leaks from the “Paradise Papers” that name Singapore trust firm Asiaciti.
“MAS is reviewing the information released by the International Consortium of Investigative Journalists (ICIJ). We will take action against any financial institution or individual that breaches our regulations,” it said on Tuesday (Nov 7) in response to Channel NewsAsia’s queries.
Asiaciti has denied all wrongdoing in a statement.
The full original article can be found at www.channelnewsasia.com
UPCOMING EVENT: SINGAPORE, DECEMBER 7TH
Learn more & register for the 3rd Asia Pacific Ethics & Compliance Summit at ethixbase.com/3rd-apac-summit