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18 November 2024-15 of the 17 people still wanted by the Singapore Police for their involvement in this money laundering case agreed to surrender $1.85b in assets. This is in addition to $944 million in assets previously surrendered by the 10 who were convicted and jailed, taking the total value of assets surrendered to $2.8 billion.
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) -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 ...
Singapore police have arrested 10 foreigners for alleged money laundering and forgery offences, in a case involving about S$1 billion ($737 million) of cash, properties, luxury cars and other assets.
Singapore police say they have uncovered more luxury watches, gold bars and other assets from a massive money laundering scheme that was busted last month, bringing the total amount of assets ...
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 ...
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 ...
Siriwipa pleaded guilty for several counts of cheating, fraudulent trading and money laundering and was sentenced to 14 years' imprisonment; Pi faces nine charges but his case was currently pending. [49] According to the Singapore Police Force in a statement of Siriwipa's arrest, 187 police reports were filed against them over the past three ...