SINGAPORE ― Singapore has seized SG$6 billion linked to crime and money laundering since 2019, the wealthy city state said Wednesday, after a massive dirty money scandal marred its squeaky clean reputation last year.Singapore conducted multiple raids last year in a SG$3-billion money laundering case, one of the world's largest, which resulted in the seizure of properties, cars and luxury goods as well as the arrest of several foreigners.
'But we are determined to do what is needed to respond to these risks and safeguard Singapore's reputation as a trusted financial center.'The report, released as part of the Southeast Asian nation's efforts to stop the flow of criminal money, said a large number of cases in Singapore involved foreign crime syndicates employing sophisticated methods.