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Panama Papers: Singapore authorities doing the 'necessary checks'

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Government agencies here are reviewing information being reported in connection with the leaked tax documents from a law firm in Panama, the Ministry of Finance (MOF) and the Monetary Authority of Singapore (MAS) said on Tuesday night (Apr 5).

[SINGAPORE] Government agencies here are reviewing information being reported in connection with the leaked tax documents from a law firm in Panama, the Ministry of Finance (MOF) and the Monetary Authority of Singapore (MAS) said on Tuesday night (Apr 5).

They are also doing the "necessary checks" in connection with the "so-called Panama Papers", said spokespersons from MOF and MAS in a email reply to The Straits Times. "If there is evidence of wrong-doing by any individual or entity in Singapore, we will not hesitate to take firm action." Authorities across the world, including France, Australia, New Zealand, Austria, Sweden and the Netherlands, have started investigations into the massive leask of more than 11.5 million documents.Some other countries including the United States, have said they were looking into the matter.

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