Safeguards to Ensure Singapore Family Offices are Not Misused to Facilitate Money Laundering

Debated in Parliament on 4 Nov 2025.

Summary written by AI (learn more)

Sylvia Lim raised concerns about the potential misuse of family offices in Singapore for money laundering and inquired about government measures to address this issue.
The Prime Minister's representative, Gan Kim Yong, indicated that the question would be addressed in a future parliamentary sitting on 5 November 2025, along with related inquiries.

Questions identified by AI (learn more)

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Sylvia Lim

Ms Sylvia Lim asked the Prime Minister and Minister for Finance (a) whether family offices are being misused to facilitate money laundering in Singapore; and (b) if so, what steps will the Government take to address it.

Gan Kim Yong (for the Prime Minister)

This question will be addressed at the next Sitting on 5 November 2025, together with similar Parliamentary Questions. [Please refer to "Data on Sanctioned Individuals Operating Tax-exempt Family Offices Locally", Official Report, 5 November 2025, Vol 96, Issue 10, Oral Answers to Questions section.]

Safeguards to Ensure Singapore Family Offices are Not Misused to Facilitate Money Laundering | PAPERCUTS

Safeguards to Ensure Singapore Family Offices are Not Misused to Facilitate Money Laundering

Debated in Parliament on 4 Nov 2025.

Summary written by AI (learn more)

Sylvia Lim raised concerns about the potential misuse of family offices in Singapore for money laundering and inquired about government measures to address this issue.
The Prime Minister's representative, Gan Kim Yong, indicated that the question would be addressed in a future parliamentary sitting on 5 November 2025, along with related inquiries.

Questions identified by AI (learn more)

Safeguards to Ensure Singapore Family Offices are Not Misused to Facilitate Money Laundering

Summary

Questions Identified

Full Transcript

Sylvia Lim

Gan Kim Yong (for the Prime Minister)

Summary

Questions Identified

Safeguards to Ensure Singapore Family Offices are Not Misused to Facilitate Money Laundering

Summary

Questions Identified

Full Transcript

Sylvia Lim

Gan Kim Yong (for the Prime Minister)

Summary

Questions Identified