Written Answer

Safeguards to Ensure Singapore Family Offices are Not Misused to Facilitate Money Laundering

Speakers

Transcript

2 Ms Sylvia Lim asked the Prime Minister and Minister for Finance (a) whether family offices are being misused to facilitate money laundering in Singapore; and (b) if so, what steps will the Government take to address it.

Mr Gan Kim Yong (for the Prime Minister): This question will be addressed at the next Sitting on 5 November 2025, together with similar Parliamentary Questions. [Please refer to "Data on Sanctioned Individuals Operating Tax-exempt Family Offices Locally", Official Report, 5 November 2025, Vol 96, Issue 10, Oral Answers to Questions section.]