September 20, 2023

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?

any thoughts?