Here's your summary from Singapore Boosts Scrutiny of Family Offices, Hedge Funds (https://www.youtube.com/watch?v=XYp-8Kd0l2U) on the Bloomberg Television channel:
**TLDR:** Singapore is increasing oversight on family offices and hedge funds to prevent money laundering and terrorism financing.
1. Family offices in Singapore are required to provide detailed information confirming owners, directors, and shareholders have no links to illegal activities.
2. Singapore regulators are scrapping a licensing category for hedge funds and implementing stricter restrictions to prevent illicit activities.
3. Authorities are shutting down inactive firms to prevent them from being used for illegal activities.
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