Asia Sentinel

Asia Sentinel

Business/Economy

Singapore Tries to Plug Money-Laundering Loopholes

Singapore’s money laundering case surpasses US$2 billion

Oct 04, 2023
∙ Paid
By: Toh Han Shih

Singapore authorities are trying to strengthen vulnerabilities in the Asian financial hub’s anti-money laundering (AML) system as the value of assets seized or frozen in one of the biggest money laundering cases in the city’s history nearly tripled to over S$2.8 billion (US$2 billion) from less than two months ago.

“This case is one of th…

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