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
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Last Tuesday, islandwide anti-money laundering raids saw the police round up a group of foreigners and seize cash and assets that included luxury cars, watches and handbags.