Singapore police arrest 10 in $737m money laundering probe. Raids target group involved in scams and online gambling. Luxury cars, properties, cash, and valuables seized. Singapore enforces strict anti-money laundering laws. Central bank contacts financial institutions linked to tainted funds.
Massive raids involved 400 officers, targeting 9 locations, uncovering assets like 94 properties, $23 million in cash, 50 vehicles, and valuable items. 10 arrested foreigners, aged 31-44, linked to organized crime, including China, Cambodia, Cyprus, and Vanuatu citizens. Authorities determined to combat illegal financial activity and warned criminals about strict consequences. Singapore’s robust anti-money laundering efforts continue.
- Singapore police arrest 10 in $734m money laundering probe.
- Raids target groups involved in scams and online gambling.
- Assets seized: properties, luxury cars, cash, jewelry, and more.
- Arrested individuals from China, Turkey, Cambodia, Cyprus, Vanuatu.
- Strict anti-money laundering laws in Singapore, with penalties of up to 10 years.
- Central bank contacts financial institutions linked to tainted funds.
- Message from police: Criminals will be arrested and assets seized.
(Inputs BBC)
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