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Home 5 News 5 Partner S Suressh comments in The Straits Times that decision to increase anti- money- laundering inspections done at law firms is in line with Singapore’s national interests

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Partner S Suressh comments in The Straits Times that decision to increase anti- money- laundering inspections done at law firms is in line with Singapore’s national interests

Dec 5, 2017

Eversheds Harry Elias Partner, S Suressh was quoted in The Straits Times article titled ‘Over 5,000 lawyers and counting as Law Society turns 50’

The article was first published in The Straits Times on 5 October 2017.

Between September 2016 and end- Aug 2017, Law Society conducted 50 anti- money- laundering inspections. It was also the first time inspections were carried out at foreign law firms in addition to local firms. S Suressh, who is also the chairman of society’s anti- money laundering committee, commented that the decision to significantly increase the number of inspections compared with previous years was in line with Singapore Government’s robust stand against money- laundering activities. He added that results gathered were encouraging with most law firms attained positive assessment, while those found with inadequate controls and processes were given time to address the findings prior to re-inspection.

The full article dated 5 October 2017, can be found in The Straits Times.

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