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Singapore warns of illicit funds in popular low-tax investment vehicles

Financial Times Asia
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Singapore’s financial regulator issued a warning in March 2026 about illicit funds flowing through low-tax investment vehicles, citing rising risks of money laundering and tax evasion in popular offshore structures. Authorities highlighted family offices and variable capital companies (VCCs) as high-risk entities, noting their appeal to wealthy individuals and firms seeking tax efficiency but vulnerable to abuse. The alert follows global scrutiny of Singapore’s financial hub status, with regulators tightening due diligence requirements for fund managers and intermediaries to curb illicit financial flows. Industry experts suggest the move aligns with broader efforts to enhance transparency, as Singapore faces pressure to combat financial crime amid its growing wealth management sector. The warning signals stricter enforcement ahead, potentially impacting investor confidence in the city-state’s traditionally discreet but lucrative low-tax investment frameworks.
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Source: Financial Times Asia

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