Ten foreign nationals have been arrested in Singapore on suspicion of committing offenses such as forgery and money laundering after about S$1 billion ($735 million) worth of cash and assets were ...
Cash, cars and homes seized in $735m Singapore anti-money laundering raids
The country's central bank and financial regulator, the Monetary Authority of Singapore, said it had been in contact with financial institutions "where the potentially tainted funds have been ...
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 ...
Think of Singapore’s reserves as ‘rainy day’ money: PM Lee
Prime Minister Lee Hsien Loong spoke to CNA on June 8, for a documentary on Singapore’s reserves. The transcript of the interview was released by the Prime Minister’s Office on Wednesday. Here is an ...
Should you buy 6-month or 1-year Singapore T-bills as investment?
Singapore treasury bills (T-bills for short) are short-term debt securities issued by the Singapore Government. They are available in two formats: six months, or one year, and are issued in tranches ...
Ex-Singapore Parliamentarian’s startup to issue Swiss Franc and Euro stablecoins
Singapore investor and former parliamentarian Calvin Cheng has announced that his wholly-owned, newly rebranded Swiss company, Anchored Coins AG ("Anchored Coins"), will be issuing two stablecoins - a ...
7 people who alleged disclosed banking, Singpass details to scammers to be charged
SINGAPORE - Seven people, including three teenagers, will be charged for relinquishing their bank accounts and/or Singpass credentials for money laundering activities linked to banking related ...
Singapore Stock Market May Test Support At 3,200 Points
The Singapore stock market has moved lower in three straight sessions, sinking almost 90 points or 2.8 percent along the way. The ...
Singapore introduces regulatory framework for stablecoins
Singapore’s financial regulator on Tuesday unveiled its regulatory framework for stablecoins, those cryptocurrencies pegged to fiat money for a more solid and stable asset. As part of this framework, ...
Must-watch: Singapore Reserves Revealed gives exclusive insight into the country’s rainy day fund
Produced over the span of six months, Singapore Reserves Revealed is to date, the most extensive look at one of Singapore’s most closely guarded secrets. It features exclusive interviews with the ...
Singapore introduces visionary regulatory framework to boost stablecoins’ stability
The Monetary Authority of Singapore (MAS) unveiled an innovative regulatory framework to boost the stability of the nation’s certified stablecoins on 15 August. The central bank revealed that the new ...
Chongqing and Singapore lead by example in green finance collaboration – Minister Insights
As Chongqing's green finance infrastructure crystallizes, its synergy with Singapore signifies a watershed moment in the region's quest for sustainability. Their collaborative spirit serves as a ...
Saudi, Singapore wealth funds snap up Alibaba, JD.com, BeiGene and other Chinese stocks, picking up where US funds left off
The Saudi and Singapore sovereign funds recorded steep losses last year amid a global market downturn. The PIF incurred a loss of US$11 billion on investment activities last year, versus a US$19 ...
Climate change is Singapore’s biggest long-term crisis, says Indian-origin presidential hopeful Tharman
Climate change is the biggest long-term crisis that Singapore faces and adapting to it will require infrastructural investments, the country’s Indian-origin presidential hopeful Tharman Shanmugaratnam ...
Singapore bulker player Uni-Asia sees first half profit slide 74%
Japanese bulker player Uni-Asia Group has reported a 74% year-on-year decline in first half profit, figures just released show. Singapore’s only listed bulker owner made $4.2m in the first six months ...