Singapore has been seeing an influx of wealthy families interested in setting up single family offices in Singapore with an interest to tap into tax incentives. As money-laundering cases are also becoming a growing concern, authorities are weighing tougher measures. Sarah Jane Mahmud, a senior analyst at Bloomberg Intelligence, shares her views on this issue.

Image credit: Shutterstock.com

Produced by: Moh Heng Ying

Presented by: Wong Shou Ning, Keith Kam

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Categories:  economy,  international,  corruption

Tags:  single family offices,  private wealth singapore,  singapore banking,  singapore,  money laundering,