From Channel News Asia, Singapore has amended its Corruption, Drug Trafficking and Other Serious Crimes Act in 3 significant ways. First, the maximum jail term for money laundering has been hiked from 7 years to 10 years, which brings it in line with sentencing for terror financing. Secondly, evasion of foreign taxes (i.e. trying to evade UK taxes by spiriting away your funds in Singapore) is now criminal. Thirdly, Singaporean officials no longer need a Memorandum of Understanding to share intelligence with their overseas counterparts.
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Maximum jail term for money laundering raised
Corruption, Drug Trafficking and Other Serious Crimes Act