News MonitoringFull Report on The August 2023 Alleged Money Laundering Case in Singapore
On 15 Aug 2023, 10 individuals were arrested in Singapore for their suspected involvement in offences of forgery, money laundering and resistance to lawful apprehension. To-date, assets worth more than SGD$2.8 billion were seized or frozen.
This report uses Handshakes, an award-winning relationship analysis tool by DC Frontiers, to harmonise and analyse data from various official sources such as the Singapore Company Registry (“CRSG”), Malaysian Company Registry (“CRMY”), Cambodian Company Registry (“CRKH”), Singapore Exchange (“SGX”) and Bursa Malaysia.
Our analysis widens the networks of the 10 arrested individuals and presents potential indirect associates of interest. An Appendix of names is provided as reference material for businesses to check for potential exposure to this case.
Disclaimer: This report is accurate as of 2 Oct 2023. Kindly review our disclaimers and terms for using this report. Please be aware that this report is meant as reference material related to the ongoing money laundering probe. The term “associate” is solely used to indicate a connection with a subject or another person of interest, and does not imply any guilt or wrongdoing.
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