Time taken to investigate financial crimes halved, says MAS | Video
The Monetary Authority of Singapore has more than halved the time it takes to investigate financial crimes, with Singapore's central bank taking an average of nine months to complete investigations into criminal cases, compared with 24 months previously. Industry experts say these results point to Singapore's reputation as a trusted financial centre, that takes a tough approach to financial crime. Brandon Tanoto reports.
The Monetary Authority of Singapore has more than halved the time it takes to investigate financial crimes, with Singapore's central bank taking an average of nine months to complete investigations into criminal cases, compared with 24 months previously. Industry experts say these results point to Singapore's reputation as a trusted financial centre, that takes a tough approach to financial crime. Brandon Tanoto reports.