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Singapore’s rise sparks boost in defense against financial crime

Bloomberg
Bloomberg • 3 min read
Singapore’s rise sparks boost in defense against financial crime
Singapore is girding to tackle white-collar cases that are expected to become more complex. Photo: Bloomberg
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Singapore is girding to tackle white-collar cases that are expected to become more complex as the city-state expands as a global financial hub.

The crime unit of its prosecutor’s office is “actively recruiting” to add to its current bench of about 200 prosecutors and investing in technology that’s able to sift through documents that could run into millions of pages, according to one of its top law officers.

Singapore’s regulators have already moved to tighten oversight after a series of high profile corporate collapses and alleged frauds in recent years threatened the city-state’s reputation.

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