Singapore's largest money laundering scandal involves S$370m, local banks DBS, OCBC, UOB, and implicates international lenders.

Singapore's largest money laundering scandal, involving over S$370m in assets held by China-born individuals and associates, implicates local banks DBS, OCBC, and UOB, as well as international lenders. The case has led to a re-evaluation of Singapore's strategy in attracting wealthy individuals and sparked discussions on how to handle the confiscated properties, including luxury homes, cars, and valuable items.