Financial Times FT.com

Singapore bank laws threaten EU pact

By John Burton in Singapore

Published: October 2 2007 19:20 | Last updated: October 3 2007 05:42

Singapore’s refusal to ease its bank secrecy laws could endanger a proposed pact with the European Union, EU parliamentarians said on Tuesday.

The warning came as Singapore faces increased scrutiny over its possible role as a financial haven for Burma’s military rulers who are involved in a crackdown on monks and other pro-democracy demonstrators.

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