Sweden-based Scila, a provider of trade surveillance, anti-money laundering and risk management solutions, has opened a new office in Singapore.

The branch will serve new and existing customers across the Asia-Pacific region and perform sales and business development activities.

Executive chairman Lars-Ivar Sellberg commented: “The choice of Singapore as a regional hub was due to the excellent business environment, solid regulatory framework and state-of-the-art financial infrastructure. We look forward to meeting customers in the region.”