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On 15 August 2023, the Singapore Police Force conducted an operation against money laundering. [1] It is the biggest money laundering case in Singapore, and among the biggest in the world, [2] involving assets worth 3 billion Singapore dollars.
The total value of assets seized in Singapore's biggest money laundering case has swelled to S$2.4 billion ($1.76 billion), police said on Wednesday. The assets now include cash amounting to more ...
Singapore's police said they have seized S$1 billion ($734.32 million) in assets from a gang of foreigners laundering proceeds from organised crime, including plush bungalows in the most sought ...
SINGAPORE (Reuters) -Singapore said it was expecting more arrests and seizures as the Asian financial hub investigates one of its biggest cases of suspected money laundering, in which the value of ...
A Rolls-Royce Dawn vehicle seized by police at a residence of Su Jiafeng, one of the suspects in the S$2.8 billion money-laundering case, in Singapore, on Wednesday, Oct. 25, 2023.
Chia Teck Leng. Chia Teck Leng (谢德龙 Xìe Délóng; born 11 October 1959) is a convicted white-collar criminal from Singapore, who was known for his four-year commercial fraud which involved the swindling of $117 million from four foreign major banks to feed his gambling addiction during his time as a financial manager at Asia Pacific ...
Money Laundering Cycle. From 2020 to 2022, at least 240 people were convicted of money laundering offences (largely related to domestic scams) and a total of $1.2 billion worth of assets were seized. [78] In August 2023, the police arrested ten foreign nationals on suspicion of committing offences such as forgery and money laundering. [79]
The case has cast a shadow on Singapore's status a. ... gold bars and other assets from a massive money laundering scheme that was busted last month, bringing the total amount of assets seized or ...