More stringent regulatory compliance checks are stretching account opening times for North Asian clients in Singapore to upwards of six months, yet independent wealth managers report that capital inflows show no signs of slowing. Compliance requirements such as know-your-customer (KYC) and supporting documentation, for example, can appear especially frustrating for first-generation wealth owners, Vincent Ming, co-founder of Azura Partners, told…
Singapore tightens KYC, yet wealthy Chinese capital shows no retreat
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