Criteria for Singapore's Global Investor Programme
- Mrs Lina Chiam urged the government to tighten the assessment criteria for the Global Investor Programme to prevent criminals from being admitted, to which the Minister responded that checks are already rigorous, involving notarized documents, references, and inter-agency screening.
- Mrs Chiam asked if independent audits of the programme's assessment criteria and systems could be conducted and made public, with the Minister emphasizing the need for robust, dynamic verification processes.
- Nominated Member Tan Su Shan suggested leveraging the banking sector's stringent KYC and AML checks to strengthen applicant vetting, and the Minister agreed to consider closer collaboration with different sectors.