当代财富管理与私人银行——Alexander Ressos博士著作《新加坡：国际金融中心》（Singapore as an International Financial Centre）的一部分。
第E部分考察当今新加坡的财富管理：其监管架构、针对外国税务目的的银行保密制度的终结、家族办公室、架构载体以及考验这一中心的诚信冲击。
本部分属于Alexander Ressos博士的著作新加坡：国际金融中心，全书在本站逐节完整发布。
监管架构：MAS、《银行法》、《证券与期货法》、《财务顾问法》与《金融服务与市场法》
A financial centre that manages wealth for clients from many countries sells, among other things, the quality of its supervision. Read more Singapore · Wealth Management新加坡金融管理局：综合监管机构
After Parliament had passed the Monetary Authority of Singapore Act in 1970, MAS was formed on 1 January 1971. Read more Singapore · Wealth Management《银行法》与私人银行业务
The Banking Act has a longer history than its date suggests. A banking bill was first introduced in Parliament in 1962, although questions surrounding a new currency delayed the legislation. Read more Singapore · Wealth Management《证券与期货法》与资本市场服务
Before 2002, Singapore’s capital markets were governed by several statutes, including the Securities Industry Act and the Futures Trading Act. Read more Singapore · Wealth Management《财务顾问法》
The Financial Advisers Act came into force together with the SFA on 1 October 2002. Read more Singapore · Wealth Management《2022年金融服务与市场法》
By the early 2020s, MAS’s powers were scattered across many statutes. Read more Singapore · Wealth Management个人问责与操守
On 10 September 2020 MAS issued Guidelines on Individual Accountability and Conduct. They set five outcomes that financial institutions are expected to achieve. Read more Singapore · Wealth Management监管架构：MAS、《银行法》、SFA、FAA与FSMA：实际影响
For a foreign group that wants to serve wealthy clients from Singapore, the architecture described in this chapter translates into a series of concrete decisions. The first concerns the vehicle. Read more Singapore · Wealth Management监管架构：MAS、《银行法》、SFA、FAA与FSMA：与日内瓦和香港的比较
The Swiss framework described in the Geneva volume rests on the Banking Act, the Financial Institutions Act, the Financial Services Act, the Collective Investment Schemes Act, the Financial Market… Read more Singapore · Wealth Management监管架构：MAS、《银行法》、SFA、FAA与FSMA：摘要
The Monetary Authority of Singapore, founded on 1 January 1971, gradually took over the supervision of insurance, securities and currency issue and now acts as both central bank and integrated… Read more Singapore · Wealth Management针对外国税务目的的银行保密的终结
For most of its modern history, Singapore offered foreign clients a banking confidentiality that foreign tax authorities could not penetrate. Read more Singapore · Wealth Management2009年OECD标准与新加坡的承诺
Banking confidentiality in Singapore rests on statute. Read more Singapore · Wealth ManagementFATCA与政府间协议
The decisive external impulse came from the United States. Read more Singapore · Wealth Management共同申报准则
FATCA served as the template for a multilateral system. In 2013 the G20 asked the OECD to develop a single global standard for automatic exchange. Read more Singapore · Wealth Management税务犯罪作为洗钱上游犯罪
Exchange of tax information concerns the relationship between states. The designation of tax crimes as predicate offences for money laundering concerns the conduct of the banks themselves. Read more Singapore · Wealth Management存量资产与客户的合规化
Every financial centre that abandoned tax secrecy faced the problem of its existing book of clients. Accounts opened under the old rules contained assets that clients had never declared at home. Read more Singapore · Wealth Management针对外国税务目的的银行保密终结：实务影响
The cumulative effect of these rules is that a Singapore financial institution must be able to show, for every client, that it understands the client’s tax residence and has no reason to suspect… Read more Singapore · Wealth Management针对外国税务目的的银行保密终结：与日内瓦的比较
Switzerland and Singapore crossed the same threshold within days of each other. Read more Singapore · Wealth Management针对外国税务目的的银行保密终结：摘要
Singapore’s statutory banking confidentiality under section 47 of the Banking Act lost its effect against foreign tax authorities between 2009 and 2018, although it continues to protect customers… Read more Singapore · Wealth Management家族办公室：第13O条、第13U条与单一家族办公室
At the end of 2020, about 400 single family offices in Singapore held a tax incentive granted by the Monetary Authority of Singapore. Read more Singapore · Wealth Management单一家族办公室的兴起
MAS describes a single family office as an entity that manages wealth for, or on behalf of, one family and is wholly owned or controlled by members of that family. Read more Singapore · Wealth Management税务优惠计划及其条件
Singapore’s tax incentives for funds form a family of four schemes under the Income Tax Act 1947. Read more Singapore · Wealth Management牌照豁免与监管期望
Fund management is a regulated activity under the Securities and Futures Act 2001, for which a capital markets services licence is normally required. Read more Singapore · Wealth Management实质、本地支出与投资要求
The headcount condition is the clearest expression of the demand for substance. Read more Singapore · Wealth Management2023年后的审查
On 15 August 2023 the police arrested ten foreign nationals in coordinated raids. The assets eventually seized, frozen or subject to prohibition of disposal orders amounted to about S$3 billion. Read more Singapore · Wealth Management对家族及其顾问的实务影响
The choice between section 13O, section 13OA and section 13U follows from the size of the assets and the existing structure. Read more Singapore · Wealth Management家族办公室：第13O条、第13U条与单一家族办公室——与日内瓦和香港的比较
The Geneva volume described a city where family offices grew out of the private banking tradition, without any special tax regime. Read more Singapore · Wealth Management家族办公室：第13O条、第13U条与单一家族办公室：摘要
Single family offices with Singapore tax incentives multiplied from about 400 at the end of 2020 to more than 2,000 at the end of 2024, drawn by stability, the common law, a deep private banking… Read more Singapore · Wealth Management信托、控股结构与可变资本公司
A financial centre that serves families and investors needs more than banks and asset managers. Read more Singapore · Wealth Management新加坡信托法
The trust reached Singapore with English law. Read more Singapore · Wealth Management持牌信托公司
The Trust Companies Act 2005 governs the licensing and regulation of trust companies in Singapore. Read more Singapore · Wealth Management私人信托公司
A private trust company (PTC) is a company formed to act as trustee for the trusts of one family. Read more Singapore · Wealth Management可变资本公司
By 2017 Singapore had become one of the leading centres for the management of funds in Asia, yet its asset managers domiciled many of their funds elsewhere. Read more Singapore · Wealth Management控股公司、税收协定与经济实质
The private company limited by shares remains the most common structuring vehicle in Singapore. Read more Singapore · Wealth Management信托、控股结构与可变资本公司：实务影响
The choice of vehicle follows from the purpose of the structure. Read more Singapore · Wealth Management与日内瓦、香港和泽西的比较
Geneva and Singapore both administer trusts for international families, although their legal positions differ fundamentally. Read more Singapore · Wealth Management信托、控股结构与可变资本公司：摘要
Singapore offers wealthy families and investors a complete set of structuring vehicles under its own law: the trust, the licensed and the private trust company, the Variable Capital Company and the… Read more Singapore · Wealth Management基金管理、外部资产管理人与发牌
A wealthy family that moves its assets to Singapore rarely deals with a single institution. Read more Singapore · Wealth Management基金管理公司的牌照制度
For most of the period after the Securities and Futures Act 2001 came into force, a large part of Singapore’s fund management industry operated without a licence. Read more Singapore · Wealth Management认可投资者与机构投资者
The distinction between retail and A/I managers rests on the classes of investors defined in section 4A of the Securities and Futures Act. Read more Singapore · Wealth Management外部资产管理人与托管银行
An external asset manager, often called an independent asset manager, manages the portfolios of private clients without holding their assets. Read more Singapore · Wealth Management合规职能与外部合规主任
MAS expects every manager to have compliance arrangements that match the nature, scale and complexity of its business. Read more Singapore · Wealth Management基金管理、外部资产管理人与牌照制度：实际影响
A client who entrusts assets to a Singapore manager should first establish its regulatory status. Read more Singapore · Wealth Management与瑞士投资组合管理人制度的比较
Switzerland brought its independent asset managers under prudential supervision only with the Financial Institutions Act of 15 June 2018, which entered into force on 1 January 2020 together with the… Read more Singapore · Wealth Management基金管理、外部资产管理人与牌照制度：摘要
Every company that carries on business in fund management in Singapore needs a capital markets services licence under the Securities and Futures Act, and since the repeal of the registered regime on… Read more Singapore · Wealth Management诚信冲击：一马发展公司与2023年洗钱案
A financial centre lives on the trust of people who will never inspect it. Read more Singapore · Wealth Management一马发展公司与新加坡银行
1Malaysia Development Berhad was created in 2009, the first year of Najib Razak as Prime Minister of Malaysia, as a state investment fund intended to promote the economic development of the country. Read more Singapore · Wealth Management新加坡金融管理局的监管行动
On 24 May 2016 MAS announced that it was withdrawing the status of BSI Bank Limited as a merchant bank in Singapore. Read more Singapore · Wealth Management2023年洗钱案
The case of 2023 had a long prehistory. Read more Singapore · Wealth Management客户准入与财富来源审查的教训
The common thread of both cases is that the warning signs were visible. Read more Singapore · Wealth Management作为监管目标的声誉
Singapore treats the reputation of its financial centre as a public asset, comparable to its currency or its port. Read more Singapore · Wealth Management诚信冲击：一马发展公司与2023年洗钱案：与日内瓦的比较
The 1MDB case links the two centres directly. Read more Singapore · Wealth Management诚信冲击：一马发展公司与2023年洗钱案：摘要
The diversion of more than 4.5 billion US dollars from the Malaysian fund 1MDB used private banks in Singapore, whose relationship managers moved large sums for Jho Low and his associates despite… Read more