(CTN NEWS) - Singapore is currently contending with one of its most extensive money laundering cases to date, involving assets totaling over S$1 billion
Top local and international banks in Singapore have found themselves entangled in one of the city-state’s biggest money-laundering scandals, encompassing over $740 million. Read on to learn more.
(Bloomberg) Some of the biggest local and international banks in Singapore are becoming embroiled in one of the city-state’s largest money laundering cases involving more than S$1 billion ($740 million) of assets.Most Read from BloombergSingapore S$1 Billion Laundering Scandal Embroils Its Banking GiantsCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesPutin Agrees to Visit China in First Trip Since Arrest WarrantS&P 500 Hovers Near 4,500 as Yields Drop on Data: Markets WrapWhat
The wide roster of banks join property agents, precious metals dealers and golf clubs in the city that have been drawn into this scandal. This has raised questions about guardrails against illicit money flowing into one of the world s most important financial hubs.
Laundering scandal ensnares Singapore banking giants bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.