Search results
Results From The WOW.Com Content Network
It is the biggest money laundering case in Singapore, and among the biggest in the world, [2] involving assets worth 3 billion Singapore dollars. [ 3 ] Initially, only 1 billion Singapore dollars worth of assets was either seized, frozen or issued prohibition of disposal orders although the value of assets involved would later balloon to 3 ...
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 ...
But the industry is coming under scrutiny after Singapore uncovered its largest-ever money laundering case, leading to the arrest of 10 foreigners and over 3 billion Singapore dollars ($2.2 ...
SINGAPORE (Reuters) -Assets seized in Singapore's biggest money laundering case have risen to more than S$3 billion ($2.24 billion) from S$2.8 billion in October, Singapore's Business Times ...
15 August – In what was the largest money laundering case in Singapore, 10 foreign nationals were arrested and over S$1 billion worth of cash and assets seized, frozen or issued prohibition of disposal orders. [64] The value of assets involved would later balloon to S$3 billion, making it one of the world's largest money laundering cases. [65 ...
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 ...
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]
SINGAPORE (Reuters) -A defendant in Singapore's biggest-ever money laundering case was sentenced to 13 months in prison on Tuesday, the first conviction for an investigation that grabbed headlines ...