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Some changes have already been introduced since the money laundering ring was exposed, including laws making it easier for law enforcement to prosecute such offences and lowering the cash ...
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 ...
The new Anti-Money Laundering and Other Matters Bill introduced to parliament on Tuesday will remove the need for the prosecution to show a direct link between the criminal Singapore aims to make ...
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.
Modern anti-money laundering laws have ... of Singapore for serious breaches of anti-money ... Dubai funneled Iranian state money via UAE's central banking system and ...
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 ...
Although its main focus is on tax crime, the OECD is also concerned with money laundering and has complemented the work carried out by the FATF. [ 47 ] The OECD has maintained a 'blacklist' of countries it considers "uncooperative tax havens" in the drive for transparency of tax affairs and the effective exchange of information, officially ...
Ten foreigners accused of involvement in a major money laundering operation in Singapore were again remanded to custody on Wednesday, with new charges slapped on eight, as the city-state widens ...