Investors can expect “robust scrutiny” rather than a “light touch” as the Monetary Authority of Singapore moves to prevent Variable Capital Companies (VCCs) from being abused for money laundering, independent wealth managers warn. The MAS issued a warning to fund managers in January regarding the use of VCC structures for money-laundering purposes. The warning, which had not been reported until…
MAS VCC crackdown: Expect “robust scrutiny,” wealth managers warn
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