Singapore-based firm named in Pandora Papers in MAS' sights

Asiaciti Trust was fined $1.1m by MAS last year and continues to be under close supervision

A Singapore-based company has surfaced in the massive leak of confidential financial information dubbed the Pandora Papers, which have made waves globally since they were published by several major news organisations on Sunday.

According to the Pandora Papers, Asiaciti Trust has set up and managed trusts and shell companies in secrecy jurisdictions for hundreds of American, South American, Asian and European clients.

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A version of this article appeared in the print edition of The Straits Times on October 06, 2021, with the headline 'Singapore-based firm named in Pandora Papers in MAS' sights'. Subscribe