Singapore Police report higher total involved in money laundering case
The Singapore Police Force is planning to take further action in response to the largest money laundering case in the country. Currently, cryptocurrencies valued at $26 million have already been seized in relation to the case. Major seizures It was reported in August that Singaporean authorities apprehended 10 foreign individuals, between the ages of 31 and 44, all of whom were holding Chinese passports. A new report from local media added the sum implicated in Singapore’s most extensive domestic money laundering investigation is now estimated to be $1.76 billion. In response, the official statement confirmed their intention to escalate their efforts regarding the case, which focuses on foreign nationals orchestrating illicit activities, including fraud and online gambling overseas, and subsequently laundering the ill-gotten gains. You might also like: Singapore police seize $735m in money laundering crackdown The new total in confiscated assets now to...