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Retailers say demand for luxury goods not affected by money laundering case probe

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.. ....

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Money laundering probe did not impact demand for luxury goods including prestige cars: Retailers

Retailers say some buyers are now conscious of attracting unwanted attention. Read more at straitstimes.com. ....

Richard Mille , Patek Philippe , Nicholas Lim , Chuan Watch , Florence Long , Swatch Exchange ,

What happens to criminals' ill-gotten gains?

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 ....

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