A recent raid resulted in the arrest of 10 foreign nationals for forgery and money laundering and the seizure of $1 billion in cash and assets, in what is now one of Singapore’s biggest money laundering sting operations.
Aside from more conventional assets such as cash, cars, properties and luxury items, 11 documents with information on virtual assets were also seized.
To read the full article, click here.
Woo Jun Jie is a senior research fellow at the Institute of Policy Studies, National University of Singapore.
Top photo from Freepik.