Singapore Parliament passes three bills to bolster corporate regulation and combat money laundering

On 2 July 2024, the Singapore Parliament passed the ACRA (Registry and Regulatory Enhancements) Bill, the Corporate Service Providers Bill and the Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill to enhance our corporate regulatory and anti-money laundering laws.

In this legal update, Directors Benjamin Gaw and Joel Tan set out the key things you must know about the changes and how it may affect you. We also set out the possible steps to take to comply with the new requirements.

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