Singapore Seeks Transparency

September 14th, 2009

Asian Financial Hub in a Hurry to Get Off Bank Account-Shield List

Wall Street Journal

Singapore, an Asian financial center attracting billions of dollars in offshore accounts, is working quickly to become more transparent and is on course to be removed by year’s end from a list of nations that shield bank-account information.

Pascal Saint-Amams, head of the international tax cooperation division at the Organization for Economic Cooperation and Development, said “Singapore is moving fast on a twofold approach.”

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