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Wednesday, May 15, 2024

Seizures top $2bn in Singapore laundering scandal

Minister hints at tighter immigration rules to curb criminal activity

A passenger passes through an automated immigration control gate at Terminal 4 of Changi airport in Singapore. (Photo: Reuters)

SINGAPORE – Authorities in Singapore have seized or frozen assets worth more than S$2.8 billion (US$2 billion) in a major money laundering investigation, a senior official said on Tuesday, while signalling the government could tighten immigration rules to curb illicit inflows.

The investigation is ongoing and authorities continue to interview Singaporeans and foreigners alike,…

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