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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.
Singapore authorities on Friday announced new measures to tackle money laundering, including inter-agency data-sharing, striking off of inactive companies and channels and programmes to get ...
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.
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 ...
The sensational case saw 10 Chinese nationals charged for laundering profits from illegal businesses. The $2bn dirty-money case that rocked Singapore Skip to main content
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]
An Organised Crime Group (OCG) is defined in Singapore as three or more people involved in serious crimes, such as drug trafficking and money laundering with the aim of material or financial benefit. The Organised Crime Act further empowers the Government of Singapore in fighting crime. [2] With the new law: