MAS says it is ‘examining’ allegations against local firm
Pandora Papers report alleges MAS was concerned by firm’s handling of Russian clients
The Monetary Authority of Singapore said it is examining allegations that the Singapore arm of Asiaciti Trust failed to adequately check three “politically exposed” Russian clients. Asiaciti was set up by Australian tax specialist Graeme Briggs in 1978.
The report is part of the “Pandora Papers”, a series of reports based on the leaked records of 14 offshore financial services providers. A group of media outlets and the International Consortium of Investigative Journalists (ICIJ) have shared
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