An Asian state which has a 14.5% economic growth having highest potential of wealthy millionaires than any part of the world is considered being vulnerable to money launderers by U.S.State Department. But Sundaresh Menon, who has served one year as Attorney General of Singapore has said tougher penalties and deferred prosecution are under way to curb tax evasions and money laundering. More details on Bloomberg Businessweek.
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