Singapore pulls tax perks for family offices tied to Cambodia’s Prince Group

Singapore has revoked tax incentives granted to two single-family offices (SFOs) linked to Prince Group, whose founder and chairman, Chen Zhi, has been sanctioned by the US and the UK for allegedly running forced-labour scam operations in Cambodia. The Monetary Authority of Singapore (MAS) said on Wednesday it has identified the two SFOs connected to the sanctioned individuals and has…

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