Singapore Boosts Enforcement to Send Message on Financial Crime
- MAS sees corporate disclosure, accountability among priorities
- Regulator is adding headcount in its enforcement department
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Singapore has a tough message for financiers running afoul of its rules.
“Why are people coming here? Because they trust our financial system,” said Peggy Pao, head of the enforcement department at the Monetary Authority of Singapore. “You want a welcoming industry for sure, but that doesn’t mean you go light.”