23 Mar '13, 2am

Singapore: We're not the new 'Switzerland'

The Singapore government broke its silence amid claims that the city state is fast growing a reputation as Asia's 'Switzerland' by welcoming dirty money from corrupt politicians and businessmen in neighbouring countries. "Singapore has designated a wide range of crimes as predicate offences to money laundering — including corruption, bribery and fraud. This is in line with the recommendations of the Financial Action Task Force," the country's Monetary Authority of Singapore (MAS) and the Ministry of Finance (MOF) said as quoted by Today. The government was responding to the explosive video of corruption by relatives of Sarawak chief minister Abdul Taib Mahmud uploaded on YouTube by anti-graft non-governmental organisation Global Witness. In the clip, lawyer Alvin Chong (pic above) told the NGO's undercover journalist disguised as a prospective investor in Sarawak that Sing...

Full article: http://www.malaysia-chronicle.com/index.php?option=com_k2...

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