Singapore Asset Seizure in Laundering Probe Tops S$2.8 Billion
Singapore has seized assets worth over S$2.8 billion to date, in one of the country’s largest-ever money-laundering cases, Minister Josephine Teo said in parliament.The amount has climbed from a prior S$2.4 billion in value of assets seized.Teo was speaking in parliament after lawmakers submitted dozens of questions to be answered by the government, including on the need to tighten existing money-laundering rules.
