Singapore is tightening scrutiny on family offices and hedge funds in response to recent scandals, with more stringent reporting and regulatory requirements. Family offices benefiting from tax exemptions must now provide detailed information, including confirming the absence of links to money laundering or terrorism financing. Hedge funds are being moved from a lighter regulatory regime to stricter reporting standards. Additionally, authorities are focusing on shutting down inactive companies to reduce the risk of illicit activities.

These measures aim to enhance transparency and improve financial oversight in the city-state.