by AdrianaAMLP | Sep 1, 2024
Singaporean regulator has reviewed the suspension and proposes to continue to suspend the use of non-specified/not explicitly permitted remittance providers serving China.
by Jyotsna Bucktowar | Jul 5, 2024
Singapore unveiled its National Asset Recovery Strategy, detailing its robust efforts to recover illicit funds and assets, and to return them to victims. Prime Minister and Minister for Finance Lawrence Wong announced the strategy at the opening of the FATF Plenary...
by Jyotsna Bucktowar | Jul 2, 2024
Parliament passed two Bills amending laws governing CSPs and entities, following a debate where Second Finance Minister Indranee Rajah addressed queries from MPs, particularly regarding the new nominee directorship requirements. Under the new rules, only a corporate...
by AdrianaAMLP | Jun 26, 2024
Between January 2019 and June 2024, Singapore seized S$6 bn linked to criminal and ML activities. S$416 mn has been returned to the victims, and S$1 bn has been forfeited to the State. The large bulk of the remainder is linked to ongoing investigations or court...
by Jyotsna Bucktowar | Jun 8, 2024
Environmental crimes, including wildlife trafficking and logging generate significant global criminal gains, with Singapore’s high exposure to these crimes due to its international financial center and externally-oriented economy…
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