Jun 27, 2024 03:31 AM

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Singapore Seizes $4.4 Billion in Dirty Money in Five Years

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Authorities in Singapore have watched money laundering become increasingly sophisticated

Authorities in Singapore have watched money laundering become increasingly sophisticated

(Bloomberg) — Singapore has seized S$6 billion ($4.4 billion) linked to money laundering activities over the past five years, with about half of money coming from last year’s record scandal.

Of the amount confiscated between January 2019 and June 2024, some S$416 million has been returned to victims with S$1 billion forfeited to the state, according to a government report released Wednesday.

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