The news about the capture of close to a billion Singapore dollar in assets under a suspicion of money laundering is only the beginning…
- first there’s a reaction from MAS in the Business Times
- the MAS is pushing banks to probe harder to prevent ML read more here
At the same time there are many doubts about the whole saga among others:
- how could these foreigners acquire landed property (that’s a very stringent process in Singapore as mentioned by Singaporelawwatch
- why MAS is not more stringent towards real estate agents, car dealers and jewellers?