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Hard for volunteer-run charities to identify money laundering donors
Empower charities with tools instead of demanding compliance with rules.
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More can be done to level up the giving sector instead of demanding compliance so that resource-lean charities can avoid being a conduit for laundered funds, say the writers.
PHOTO: SINGAPORE POLICE FORCE
Marian Ho and Loh Kia Meng
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Philanthropy is booming in Singapore, spurred by the influx of wealth.
In 2021, assets under management in Singapore grew 16 per cent year on year to $5.4 trillion. The number of single family offices
