Singapore’s enforcement an eye-opener

IT is difficult not to notice the approach taken by the Commercial Affairs Department (CAD) of Singapore in handling corporate shenanigans that threaten the island republic’s position as the second-best financial centre in Asia after Hong Kong.

In the last two weeks, CAD, together with the Monetary Authority of Singapore (MAS), has showed how two cases that have rocked the financial markets in Malaysia and Singapore can be handled differently but brings about the same impact that reinforces the view that the squeaky clean island does not tolerate any irregular financial deals.