Singapore authorities are demanding more information from family offices and hedge funds while stepping up closures of dormant firms. This move follows a string of scandals and the largest money laundering case in Singapore's history last year. Family offices are required to provide updated information by the end of June. Concurrently, a new breed of scammer is targeting ultra-rich families in Singapore and Hong Kong through fake family offices. These imposters are prompting industry players to intensify their scrutiny and verification processes, with some going as far as conducting detailed background checks to weed out fraudsters.