Recent regulatory developments and enforcement actions have placed greater scrutiny on family offices in Singapore, highlighting the importance of effective governance, risk management, and compliance frameworks in preserving family wealth.
Aw Wen Ni and Vincent Ho (Specialist & Private Client Disputes and Private Wealth Partners) have co-authored an article in IFC Review titled "Singapore: Family Offices – The Risks Are Real", to provide insights on these developments.
Our authors examine the key risks facing family offices in Singapore, including internal fraud and cybersecurity threats, against the backdrop of recent high-profile cases and evolving regulatory requirements. The article also discusses practical measures that family offices can adopt to strengthen governance, mitigate risks, and continue to benefit from Singapore's position as a leading wealth management hub.
Click here to read the full article.