Singapore implements new anti-money laundering measures after a $2.2B asset seizure case.

Singapore is implementing new anti-money laundering measures following a significant money laundering case that resulted in $2.2 billion in asset seizures and the imprisonment of ten individuals. The measures include enhanced inter-agency data sharing, striking off inactive companies, and educational programs for businesses. These initiatives aim to strengthen detection and enforcement while ensuring legitimate businesses are not unduly burdened, with some changes already in effect.