Money Laundering in Singapore between 2010 and 2011

in Business Risk

Between 2010 and 2011, criminal justice agencies in Singapore convicted 44 individuals for violating anti-money laundering policies, according to the Commercial Affairs Department.

During that same time period, $10.9 Million (130 Million Singaporean Dollars) in criminal proceeds were seized by police and law enforcement officials during criminal investigations.

(Additional money laundering cases and information.)

Source:  “Singapore tough on money laundering,” Asia One, November 13, 2012.

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