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“You have to queue”: New Singapore family offices face longer wait times

Private banks are tightening their requirements when it comes to onboarding clients looking to set up a family office in Singapore, prompting longer waiting times for clients as the city tightens anti-money laundering (AML) requirements. Singapore’s police arrested 10 people in August in one of the country’s largest anti-money laundering operations, charging them with offences including using suspected forged documents…

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