SINGAPORE: With more than 20 Members of Parliament filing issues on the subject, one of Singapore’s biggest money laundering investigations and nbsp is expected to be in the spotlight in congress.
When parliament meets on Monday( Sep 18 ), the alleged abuse cases at Kinderland preschools andnbsp, the new public housing classifications, and issues relating to the Elections Department’s management of the voter list will also be discussed.
The$ 1 billion money laundering case has brought attention to Singapore’s system of crime detection measures.
When the officers searched Good Class Bungalows and opulent apartments, among other places, ten foreigners were detained next month. They are either current or former citizens of China. Some people have multiple documents from different nations.
Additionally, it was discovered during court trials that one of the suspects andnbsp had paid for the purchase of 10 units at the opulent Canninghill Piers property.
The & nbsp, the size of the assets seized despite Singapore’s strict anti-money laundering measures, and what else can be done to prevent such crimes are among the questions raised by MPs.
MP Foo Mee Har( PAP – West Coast ) questioned whether Singapore’s anti-money fraud regulations needed to be strengthened and how the state would step up inspections on individuals from high-risk” gold card” jurisdictions. & nbsp,
Concerns about dubious purchase reports made by financial institutions were also raised by a number of MPs.
While MP Sylvia Lim( WP – Aljunied ) & nbsp questioned the extent to which such reviews were helpful in exposing suspected money laundering activities, MP Vikram Nair of PAP-Sembawang inquired as to how many accounts pertaining to the past three years had been lodged and the number of those that were handled. & nbsp,
The percentage of real estate transactions that have been blocked after being flagged as suspicious deals was another question posed by MP Louis Chua( WP-Sengkang ).