Commentary: Case of director of 980 companies drives home a problem for business-friendly Singapore

[ad_1] CHALLENGE REMAINS MONITORING AND ENFORCEMENT While money launderers and perpetrators of other financial crimes need only one company for malicious use, it is clearly absurd for one individual to…

Billion-dollar money laundering case: Accused will not leave daughters behind, argues lawyer in bail hearing

[ad_1] PROSECUTION OBJECTS Deputy Public Prosecutor Foo Shi Hao objected to the bail application, saying Mr Kang was attempting to have a “second bite at the cherry” when there were…

Purchased passports, shell companies: What affidavits reveal about the accused in the S$2.8b money laundering case

[ad_1] According to Commercial Affairs officer Seow Jing Min’s affidavits, Lin is in a romantic relationship with co-accused Zhang Ruijin and calls him “husband”. They have known each other for…

Billion-dollar money laundering case: How a man wanted in China came to be in ‘safer’ Singapore

[ad_1] SINGAPORE: A man accused of laundering illegal onlline gambling proceeds from a Philippines-based operation aimed at Chinese punters was allegedly roped into the syndicate as early as 2012, an…

Wanted man accused of laundering illegal gambling proceeds by buying S$23m condo unit seeks bail

[ad_1] DEFENCE ARGUES FOR BAIL His latest lawyer, Ms Megan Chia of Tan Rajah & Cheah, argued against the prosecution’s objection for bail to be granted. She stressed the presumption…

New inter-ministerial committee to review and strengthen Singapore’s anti-money laundering regime

[ad_1] Singapore has said it adopts a “whole-of-government approach” to combat money laundering and terrorism financing. This is currently led by a high-level steering committee comprising top officials from the Home…

Billion-dollar money laundering case: Vang Shuiming fails in latest bid for bail, will claim trial

[ad_1] SINGAPORE: A man implicated in a massive transnational money laundering case has failed in his latest bid for bail, with a judge in Singapore saying he is a “high flight risk”…