Singapore is tightening regulations on family offices and hedge funds following recent scandals. Authorities demand more information and are closing dormant firms to enhance oversight. Family offices with tax exemptions must now provide detailed information, and hedge funds with assets up to USD250m will face stricter reporting requirements by August 1. The crackdown follows cases like a USD3bn money laundering incident linked to family offices. The Monetary Authority of Singapore (MAS) has increased due diligence checks, removing tax incentives for those charged with crimes. The Accounting and Corporate Regulatory Authority (Acra) is shutting inactive companies to prevent misuse, aiming to improve data quality and close loopholes, though these measures will raise costs for smaller firms.