MAS sets out approach towards the recovery of illicit funds and assets from criminals, and the forfeiture of these assets or their return to victims

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 proceedings.