Following reported missile and drone threats in the UAE, some Dubai family offices are said to be exploring fund transfers or relocation to Singapore, subject to Monetary Authority of Singapore checks and compliance review.
Following reports of explosions in Dubai after the UAE said it faced seven missiles and 27 drones on Friday, crypto KOL "Lin Wanwan's Cat" said some Middle East family offices contacted Singapore about moving funds, while some Dubai offices began discussing relocation. Any transfer would still require background checks by the Monetary Authority of Singapore and internal compliance review, indicating that discussions have started but no completed moves were confirmed in the source content.