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U.K. Court Upholds Asset Freeze Tied to Singapore’s Largest Laundering Case

Published: Mar. 16, 2026 11:38 a.m. GMT+8

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Wang Shuiming (left) and Wang Shuiting. Photo: Boshan branch of the Zibo Public Security Bureau, Shandong, China.

(London) — A U.K. court has upheld an order freezing London property and bank assets held by a 24-year-old woman linked to Singapore’s largest money laundering scandal.

The order covers about 6 million pounds ($8 million) in assets, including two London apartments, a parking space and six bank accounts.

On Friday, the High Court rejected the woman’s bid to lift the freezing order obtained by the National Crime Agency (NCA), which suspects the assets are linked to criminal proceeds and lack a legitimate source.

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A UK court upheld a freeze on £6 million ($8 million) in London assets linked to Singapore’s largest money laundering scandal.
The woman, daughter of Wang Shuiting, holds apartments and bank accounts despite no UK-declared income; her assets are suspected criminal proceeds.
She must explain her wealth’s source by April 10; UK authorities can freeze suspected assets without a prior criminal conviction.

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Who’s Who

Barclays: Barclays is mentioned in the article as the financial institution where the woman linked to Singapore's money laundering scandal holds six bank accounts, totaling approximately 799,300 pounds. These funds are part of the assets that have been frozen by a U.K. court due to suspicions of being linked to criminal proceeds.

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What Happened When

2021：: The 24-year-old woman bought a London apartment and parking space for 4 million pounds without a mortgage.

2023：: The woman bought another London apartment for 1.17 million pounds in cash.

August 2023：: Singapore police arrested 10 foreign nationals in coordinated raids as part of a probe into the city-state's largest financial crime scandal, later uncovering about S$3 billion ($2.3 billion) in illicit assets.

March 13, 2026：: The High Court in London rejected the woman's bid to lift the freezing order on her assets, upholding the order obtained by the National Crime Agency.

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