SINGAPORE: Local banks are stepping up scrutiny of overseas customers after authorities uncovered one of Singapore’s largest-ever money laundering cases, according to a report by American publication Bloomberg. Earlier this month, 10 foreigners faced charges in court after authorities seized and froze approximately S$1 billion in assets. These assets included properties, vehicles, luxury goods, and … Continue reading Singapore Banks Tighten Checks on Foreign Accounts After S$2.4 Billion Laundering Scandal