“The illicit flows are everywhere”: PM Lawrence Wong on money laundering

With Singapore being a financial centre, this means there may be illicit flows or “flies” who enter Singapore, said PM Lawrence Wong at the Bloomberg New Economy Forum on Wed (Nov 19).

"We do have quite a big fly swatter," said PM Wong, in response to a question from Bloomberg editor-in-chief John Micklethwait on "how many flies can Singapore tolerate".

Read more: https://bt.sg/yNJL