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Ten foreign nationals have been arrested in Singapore on suspicion of committing offenses such as forgery and money laundering after about S$1 billion ($735 million) worth of cash and assets were seized in raids across the country.
About $1b in cash, assets seized and frozen in one of S’pore’s biggest anti-money laundering operations
Singapore's law enforcement detained 10 individuals, predominantly holding Chinese passports, on allegations of money laundering, capturing assets valued around S$1 billion ($735 million), which encompassed cryptocurrencies.<
Singapore's National Intelligence Service (NIS) is reporting that North Korean hackers have illicitly acquired over $180 million in cryptocurrency in the first half of 2023 alo
Red flag indicators picked up by financial institutions prompted them to file suspicious transaction reports.