The case is shining a light on fund flows from abroad and whether the city-state's $2 trillion financial sector has done enough to block dubious transactions.
Ministerial statement: Josephine Teo on Singapore’s anti-money laundering regime
Singapore has in place a robust anti-money laundering regime and is held in high regard internationally for its strong, principled and no-nonsense approach to taking down individuals who break the ...
Property transactions in $2.8b money laundering case likely had minimal impact on prices: Indranee
The authorities have issued prohibition of disposal orders against 152 properties and 62 vehicles, totalling an estimated value of more than $1.24 billion. The orders mean they cannot sell these items ... ( read original story ...)
Singapore says assets seized in money laundering case now at $2 bln
Singapore said it was expecting more arrests and seizures as the Asian financial hub investigates one of its biggest cases of money laundering, in which the value of assets seized now stands at S$2.8 ...
UOB trials Microsoft’s generative AI tool to enhance productivity and collaboration
United Overseas Bank (UOB) will be trialling the use of Microsoft 365 Copilot to improve the productivity and collaboration of its frontline and back-end functions in a secure manner.
One or more in $2.8b money laundering case may be linked to family offices that got tax incentives
SINGAPORE - One or more of the accused in the recent money laundering case may have been linked to single family offices (SFOs) that had been awarded tax incentives by the Monetary Authority of ...
Singapore’s alleged launderers may be tied to family offices
may have been linked to single family offices that were awarded tax incentives, minister of state Alvin Tan said in parliament on Tuesday. Singapore has seen an influx of family offices — set up by ...
Singapore awards major payment institution license to Sygnum Bank subsidiary
Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, received a license to offer crypto brokerage services to accredited investors and institutions in Singapore.
New inter-ministerial committee to review and strengthen Singapore’s anti-money laundering regime
Where gaps are identified, we will tighten our regulations and enforcement to prevent exploitation by criminals,” says Second Minister for Finance and National Development Indranee Rajah.
Singapore Alleged Launderers May Be Tied to Family Offices
Singapore is investigating the role that some single family offices played in one of the city’s biggest money laundering cases, adding to questions about gaps in the financial hub’s defense against bad actors.
Jack Neo Unveils ‘Money No Enough 3,’ Sequel to Singapore Hit Comedy Film (EXCLUSIVE)
Jack Neo, Singapore's record-breaking filmmaker will direct and star in ‘Money No Enough 3,’ an extension of his comedy film franchise.
Singapore says assets seized in money laundering case now at S$2.8 billion
Singapore said it was expecting more arrests and seizures as the Asian financial hub investigates one of its biggest cases of money laundering, in which the value of assets seized now stands at S$2.8 billion (RM9.62 billion). Simultaneous raids in mid ...
Billion-dollar money laundering case: Singapore police began ‘comprehensive intelligence probe’ in early 2022
“Singapore is an attractive place for investments and businesses. There is political and economic stability, strong rule of law, and transparency. People are assured that their money is safe here,” ...
Singapore seen holding monetary policy in delicate balancing act
Meanwhile, the trade-reliant nation's industrial output and non-oil exports have contracted for an 11th consecutive month, as global demand falters. Singapore is often seen as a bellwether for global ...
Visa and Global Payments launch mobile tap payments in Singapore
The feature, mobile tap, allows merchants to accept contactless payments without the need of a point-of-sale terminal.
Global Payments and Visa launch mobile tap payment solution in SG
Sellers will facilitate payments easily using smartphones. Global Payments worked with Visa to roll out its mobile tap payment solution in Singapore, which allows sellers to facilitate payments easily ...