AG: Singapore may adopt deferred prosecution on financial crimes:

Prosecutors are also considering the use of deferred prosecution, Menon, 49, said in an interview, a year after taking office. He was referring to a commonly used method in the U.S. under which defendants who agree to cooperate with investigators, pay fines or implement corporate reforms have charges against them dismissed if they fully comply. The Asian city state, which has the highest proportion of millionaires of any place in the world and with economic growth of 14.5 percent last year boosted by two new casinos, has been criticized in a March U.S. State Department report as being vulnerable to money launderers.

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