Regulatory Challenges

Illustration of Singapore's financial sector balancing wealth management opportunities with regulatory standards (AI-generated, non-realistic illustration). Credit: Ideogram.

“Risk-Proportionate Approach”: Singapore’s Wealth Management Sector Thrives Amid $3 Billion Money Laundering Scandal, Balancing High Standards with New Opportunities

Singapore's financial sector is navigating a delicate balance between seizing new wealth management opportunities and maintaining rigorous regulatory standards, as highlighted by recent initiatives and regulatory actions.

By Kristen Harris – July 9, 2025