Stablecoins are the most palatable crypto for regulators. With Europe moving forward with regulation, it was only a matter of time before Singapore did the same.
Singapore arrests 10, seizes $737m in assets in money laundering raids
“Investigations are ongoing. More assets may be seized [and] bank accounts frozen,” the police statement said. Singapore is a global financial hub and has strict laws against the laundering of illicit ...
Singapore arrests 10 foreigners, seizes $1 billion assets in money laundering probe
Prohibition of disposal orders were issued against 94 properties and 50 vehicles, with a total estimated value of more than S$815 million ...
Indian-origin man jailed for breaching Singapore’s Covid safety measures, drunk-driving
An Indian-origin man was sentenced to more than 21 months in jail and fined SGD 5,000 for breaching the stringent Covid-19 measures by drinking alcoh
Household wealth rose in Singapore, defying downtrend elsewhere: UBS-Credit Suisse report
SINGAPORE – Global household wealth went into decline in 2022 but Singapore managed to buck the trend. A new report noted that household wealth here rose 7.2 per cent in 2022 to US$1.906 trillion, ... ( read original story ...)
Singapore seizes $735m of assets in anti-money laundering probe
Singapore police have seized about S$1bn ($735m; £578m) - including luxury homes, cars and cash - in one of its biggest anti-money laundering probes. Among the items seized in the raid were luxury ...
Singapore files charges against 3 Chinese nationals, 7 others with ‘Chinese passports’ in US$736 million money-laundering crackdown
All 10 of the individuals in the alleged money-laundering ring were found in possession of foreign passports ‘believed to be issued’ by China.
Indonesia, Singapore start trial on cross-border QR code payments
JAKARTA - Indonesia's central bank said on Thursday it had started a trial of cross-border QR code payments with its Singaporean counterpart.
Central Banks of Indonesia and Singapore Start Trial on Cross-Border QR Code Payments
JAKARTA (Reuters) - Indonesia's central bank said on Thursday it had started a trial of cross-border QR code payments with its Singaporean counterpart. Both have set a target of introducing the system in the second half of this year, according to an earlier statement from Singapore's central bank.
Singapore not ‘oversaving’ with reserves ‘barely keeping pace’ with its economy: DPM Wong
SINGAPORE — Singapore is not "oversaving" — in fact, the national reserves are growing at a rate that is "barely keeping pace" with economic growth, said Deputy Prime Minister Lawrence Wong.
Asia promotes crypto clarity amid regulatory uncertainty in the U.S.
Asia is promoting clear crypto rules at a time when large firms are facing regulatory uncertainty in the U.S., said industry observers.
Singapore’s key exports fall by 20.2%; 10th consecutive month of decline
SINGAPORE: Singapore's non-oil domestic exports (NODX) contracted for the 10th consecutive month in July, falling by 20.2 per cent, with both electronics and non-electronics seeing a decline. The drop ...
Singapore Busts $736 Million Laundering Ring Holding Bentleys and Luxury Houses
Authorities in Singapore arrested 10 foreigners for suspected offenses including money laundering and forgery, in a case involving about S$1 billion ($736 million) of properties, luxury cars, cash and other assets.
Singapore trade slump worsens with key exports tumbling 20.2% in July
Non-oil domestic exports (Nodx) in July shrank a worse-than-expected 20.2 per cent compared to July 2022, and contracted 3.4 per cent from June, data from Enterprise Singapore (EnterpriseSG) showed on ...
Singapore’s Non-Oil Domestic Exports Fall for 10th Straight Month
Singapore's non-oil domestic exports fell for a 10th straight month in July, with shipments of both electronics ...
Singapore’s July NODX contracts by 20.2% y-o-y mainly due to declines to the EU 27, Taiwan and China
Singapore’s non-oil domestic exports (NODX) for the month of July contracted by 20.2% y-o-y, making this the 10 th consecutive month of y-o-y declines.