In January, the court heard eight charges against him, including his alleged refusal to sign various statements that he made to the authorities when required to do so by a Commercial Affairs Department officer on three occasions. This was said to have happened in an interview room at the Changi Prison Complex Medical Centre. Su … Read more
Vang and nine others were arrested in August 2023 when Singapore police conducted simultaneous raids on multiple locations across Singapore, including luxury properties. Since then, the total value of assets seized or frozen in relation to the money laundering case has risen to over S$3 billion. More than S$200 million was seized from Vang and … Read more
OTHER CHANGES NEEDED Experts also said having a regulatory limit is not a “watertight” solution and is just one way to strengthen Singapore’s anti-money laundering regime. The recent court cases have thrown up questions about the lack of due diligence among corporate service providers, they said. For example, the Singaporean with 980 directorships only performed … Read more
