By John Langdale

East Asia Forum-Apr 3, 2025

Singapore’s fifty-year economic miracle as a regional and global hub faces growing threats from illicit financial activities. Despite efforts to control money laundering, the city-state struggles with spillover effects from Southeast Asia’s rising transnational crime, vulnerabilities in free trade zones and corruption in commodity trading. Singapore’s challenge lies in maintaining its economic openness while effectively combating illicit financial flows that exploit the same systems that drive its success. Read more at: https://eastasiaforum.org/2025/04/03/singapores-battle-against-illicit-financial-flows/ First published in East Asia Forum