www.straitstimes.com Major Convictions in Singapore's $3 Billion Money Laundering Case
Article Content
- •10 foreigners convicted in Singapore's largest money laundering case involving $3 billion.
- •17 individuals remain at large, with two facing Interpol red notices.
- •Authorities are investigating real estate agents and financial institutions linked to the case.
In Singapore's largest money laundering case, 10 foreigners have been convicted, with 17 others on the run. The police seized $3 billion in cash and assets linked to 27 individuals involved in the scheme. The convicted include Su Haijin, who jumped from a balcony during a police raid, and Su Baolin, who laundered money from illegal online gambling. Authorities are actively pursuing the fugitives, including two with Interpol red notices. The investigation is ongoing, with further scrutiny on those who facilitated the operations, including real estate agents. The Monetary Authority of Singapore is reviewing financial institutions involved. The case highlights significant vulnerabilities in financial oversight and regulatory compliance in Singapore.
Ask AI about this cluster
Answers cite the sources they use
Timeline
More articles in this cluster (3)
Following this threat?
Track Accounting And Corporate Regulatory Authority in your own feed — you're alerted when they show up in new reporting, leak sites or exploitation.
Free account · no card needed
Continue Reading
Critical BeyondTrust 9.3 Vulnerability Actively Exploited by Threat Actor A critical vulnerability (CVE-2026-102764) in BeyondTrust Remote Support has been discovered and is actively being exploited by the threat group ARMORY CASTLE, reportedly linked to China. The vulnerability, which has a CVSS score of 9.3, allows unauthenticated attackers to upload files and potentially compromise host…