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The Nexus
BUSINESSMay 25 · 05:55 UTCFINANCIAL TIMES WORLD

Singapore tells banks to speed up account openings for wealthy clients

Singapore's regulator has instructed banks to expedite account openings for wealthy clients to reinforce the city-state's position as a global wealth hub. This move follows delays caused by money-laundering investigations that previously slowed processing times.

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SingaporeplaceMonetary Authority of Singaporeorganizationbanksorganizationwealthy clientstopicmoney-laundering casestopicwealth hubtopic
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