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Residents are targets for dirty money fronts in business friendly Singapore

Regulators alert to vulnerability of directors-for-hire, as Singapore residents used to legitimise shell companies channeling illicit flows

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"While they may have legitimate purposes, shell companies are a structure that can be vulnerable to criminal abuse," says Ms Tay from MAS (seen here with CAD's Mr Wong).

Singapore

THERE are thousands of corporate services firms in Singapore that offer Singapore residents as directors of Singapore-incorporated companies for as little as S$250 a month.

An online check sieves out companies that sell services - with one marketing these as "bonanza...

sentifi.com

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