MAS strengthens scrutiny of shell accounts; Healthcare startups on average raise $13.7m per round

And Singapore is expected to ban domestic elephant ivory trade in 2021. From Reuters: Singapore’s central bank is raising its guard against money launderers increasingly using onshore shell companies to mask their transactions, a senior official said. Valerie Tay, who heads the anti-money laundering department at the Monetary Authority of Singapore (MAS) said banks had closed accounts of several onshore…