singapore money laundering

Nov

Assessing the evolving money laundering saga in Singapore

The plot continues to thicken in one of the largest money laundering cases in Singapore’s history. Complicating matters is the sensitivity of certain aspects of the case, given the large number of ethnic suspects with ties to China and the multiple banks both local and international ensnared in the ongoing…

Oct

Asia Banking Research

Why Singapore is facing more financial crime challenges

As the massive money laundering case involving 10 people of Chinese descent continues to unfold in Singapore, we wonder if this might just be the third act in a multi-part perfect storm that also involve Three Arrows Capital and some other shady operations. In a nutshell, Singapore, with perhaps the…

Aug

Asia Banking Research

Singapore steps up S$1 billion money laundering investigation

Most of the time when we write about Singapore’s rise as a wealth management hub, the news is overwhelmingly positive. But every so often, the risks inherent to taking on that role become glaringly apparent. Singapore is no stranger to money laundering risks, especially after several banks in the city-state…

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singapore money laundering