Breaking the Chain: Singapore’s Pursuit of $2.8B in Criminal Assets

[MissExposé]

In August 2023, Singapore launched its largest money laundering investigation, targeting scams and offshore gambling networks linked to the Philippines. The raids led to the seizure of luxury assets and uncovered organized crime connections. To date, nearly $2.8 billion in assets have been recovered, including $1.85 billion surrendered by 15 foreign fugitives who negotiated with authorities for the withdrawal of Interpol notices. While most suspects are dealt with, two remain at large. Singapore has since intensified its anti-money laundering efforts, forming an inter-ministerial committee to safeguard its financial system and preserve its reputation as a secure global financial hub.

Source: https://news.worldcasinodirectory.c...n-in-singapore-tied-to-online-gambling-116096