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Retailers say demand for luxury goods not affected by money laundering case probe

SINGAPORE - An ongoing money laundering probe has not impacted the sales of luxury goods here, but retailers say some buyers are now conscious of attracting unwanted attention. Mr Nicholas Lim, director of Chuan Watch, said that while there has been a dip in the demand for luxury watches, this was on the back of poorer economic sentiment in 2022....
Adrian Koh Richard Mille Knight Frank Christine Sun Chen Xiaoxun Mario Becker

What happens to criminals' ill-gotten gains?

Singapore News - An islandwide blitz by the Singapore Police Force (SPF) on Aug 15 led to the arrest of 10 foreigners, including five who were subsequently charged with an anti-money laundering law. The Corruption, Drug Trafficking and other Serious Crimes (Confiscation of Benefits) Act... Read more at www.tnp.sg
Richard Lee Eugene Thuraisingam Louis Vuitton Patek Philippe Cory Wong Singapore Police Force

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