By Xinghui Kok SINGAPORE (Reuters) - 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 than S$76 million, 68 gold bars,...
Warrants of arrest and Interpol Red Notices have also been issued against two more Cambodian nationals for money laundering offences. To continue reading... Sign in Password* Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news...
Two former bank employees, both Chinese nationals, were charged in Singapore on Thursday in connection with the city-state's biggest money laundering case, police said. Assets worth more than Sg$3.0 billion ($2.3 billion) -- including upmarket properties, luxury cars and gold bars -- were sei...
It was Singapore's largest money-laundering case. The joint investigators found that the drug syndicate used couriers to smuggle money physically into Singapore between 1989 and 1992. The cash was laundered through money-changers in Singapore and in the Middle East. Some of the illegal cash ...
Blockchain News Flash! The main culprit in Singapore's largest money laundering case, Su Wenqiang, pleaded guilty on Apr
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The regulator is looking into a money laundering case and checking whether a number of international and local banks correctly monitored clients' activity. Besides Credit Suisse, other firms mentioned in the report include UBS, Julius Baer, ICBC, UOB and Bank of China. The Monetary Authority of...
The two well-known banks in Singapore, Development Bank Singapore (DBS) and Overseas Chinese Banking Corporation (OCBS), have been accused of involvement in one of the country’s largest money laundering case. Last month, Singapore police arrested 10 foreigners in a money laundering case and ...
No Isolated Case It is actually remarkable that all of this didn't happen much earlier given Singapore's reputation of having the strongest rules worldwide when it comes to the prevention of money laundering and other financial crime. Ostensibly, there is a big gap between what the authorities...
To strengthen fortification against money laundering and terrorism financing, the Monetary Authority of Singapore (MAS) has launched its first centralized digital platform to facilitate the sharing of customer information among financial institutions (FI