[UBS Reportedly Strengthening Scrutiny of Client Fund Sources in Asian Wealth Centers] According to Golden Finance, UBS is reportedly strengthening its scrutiny of client fund sources in its rapidly growing Asian wealth centers, requiring some clients to disclose more information to avoid further conflicts with regulatory authorities. Sources familiar with the matter stated that UBS is enlisting Deloitte and KPMG to assist in reviewing client documents, primarily focusing on clients in Singapore and Hong Kong, to identify signs of money laundering or other illegal activities. Due to the confidentiality of the details, the sources declined to be named. They noted that stricter regulatory measures have been implemented in some jurisdictions, prompting UBS to adopt a more rigorous approach. Sources also revealed that in some cases, the inquiries trace back to documents from over a decade ago, some of which are handwritten. The S$3 billion (US$2.3 billion) money laundering scandal that erupted in 2023 has impacted both local and global banks, leading Singapore authorities to tighten rules and scrutiny on financial service companies over the past year.