SINGAPORE: Asian financial hub Singapore is scrutinising trade in virtual currencies such as Bitcoin as well as precious stones and metals to forestall new forms of illicit financing by criminals and terrorists.
In an inaugural report on money laundering and terrorist financing risks, the city-state said these sectors were identified for further study “as technology evolves and criminals become more sophisticated”.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
