SINGAPORE - An ongoing money laundering probe has not impacted the sales of luxury goods here, but retailers say some buyers are now conscious of attracting unwanted attention. Mr Nicholas Lim, director of Chuan Watch, said that while there has been a dip in the demand for luxury watches, this was on the back of poorer economic sentiment in 2022..
Singapore News - An ongoing money laundering probe has not impacted the sales of luxury goods here, but retailers say some buyers are now. Read more at www.tnp.sg
Singapore News - An islandwide blitz by the Singapore Police Force (SPF) on Aug 15 led to the arrest of 10 foreigners, including five who were subsequently charged with an anti-money laundering law. The Corruption, Drug Trafficking and other Serious Crimes (Confiscation of Benefits) Act. Read more at www.tnp.sg