Source document
Data on Sanctioned Individuals Operating Tax-exempt Family Offices Locally (oral answer), 5 November 2025
Has everything in it been taken?
CompleteReviewed 8 Oct 2026
Reviewed. Everything in it that belongs in the tables has been taken.
What the document holds
Oral answer and supplementaries of 5 Nov 2025 on family offices and the Chen Zhi / Prince Group money-laundering case: two SFO funds with MAS tax incentives linked to sanctioned individuals (incentives ceased); about 3% of 1,300 tax-incentive applications rejected over the past three years; MAS SFO regime changes; SFOs linked to money-laundering convicts under 1% of the sector; wider context (US$15bn Bitcoin seized by the US, 19 UK properties frozen, 13,000 local wealth-management jobs) out of scope. Not about the GIP itself. The event was already recorded; this pass adds the 1,300 applications and 3% rejection rate as MAS tax-incentive context (program_id empty, category=mas_sfo_tax_incentive). The 'less than 1%' share of SFOs is not tabulated (no fitting indicator; sector-wide, not programme).
What it supports
1 row on this site come from this document. Each one opens with the page and the exact words.
2 more rows from this document are in the source data but not on this site: numbers we would have had to work out ourselves, figures a later correction replaced, or programmes outside these datasets.
About the document
What it covers SFO tax-incentive applications and rejections; SFO funds linked to Chen Zhi / Prince Group; share of SFOs linked to money-laundering convicts.
Notes Text retrieved from the Singapore Parliament Reports System (SPRS) API (getHansardTopic) and stored as the JSON the API returns; the readable text is in the "content" field. Answer by Minister Chee Hong Tat for the Prime Minister to Mr Kenneth Tiong and others. Vol. 96, sitting 10.
Source id sgp-parl-oa-sfo-2025 · accessed 2 Oct 2026