Singapore has launched the largest money laundering investigation in its history. An investigation that shows the flaws in the system and the services available to launderers

Since the launch of the investigation in recent months, assets worth nearly $3 billion have been confiscated after searches in the city-state's upscale neighborhoods. In August, the dozen Chinese nationals arrested are at risk of having to put an end to their ingots, jewelry, cars or real estate (152 properties were seized). Around ten suspects are still being sought. The ten people arrested as part of this investigation had work or residence visas, as they were not wanted by Interpol, even though some were wanted in China. These ten individuals had 10 family offices to manage their wealth in Singapore, which has three times more such structures than in 2020