Tag Archives: money laundering

Singapore Introduces Deferred Prosecution Agreements

Mishcon de Reya

Under the recently enacted Criminal Justice Reform Act, Singaporean law now enables prosecutors to enter into Deferred Prosecution Agreements (DPAs) with corporates. This means prosecutors may choose not to pursue charges on the condition that the suspected corporate agrees to measures such as the payment of financial penalties, the implementation of appropriate compliance regimes and […]

Singapore to tackle money laundering with data analytics

Singapore to tackle money laundering with data analytics

Deputy Prime Minister Teo Chee Hean says authorities will work with the private sector to target individuals involved in terrorism financing.Singapore will increasingly use technology and data analytics to tackle cross-border crime and money laundering, said Deputy Prime Minister Teo Chee Hean. Teo, who is also Coordinating Minister for National Security, added that the authorities […]