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Panama Papers: Singapore authorities checking for breaches

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The Inland Revenue Authority of Singapore is checking on the Singapore taxpayers identified in the leaked "Panama Papers" for any non-compliance with Singapore tax laws, regulators told The Straits Times on Wednesday.

[SINGAPORE] The Inland Revenue Authority of Singapore is checking on the Singapore taxpayers identified in the leaked "Panama Papers" for any non-compliance with Singapore tax laws, regulators told The Straits Times on Wednesday.

This comes as the Monetary Authority of Singapore and the Ministry of Finance detailed the actions of several agencies in the crackdown on the use of offshore firms for money laundering and tax evasion.

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