Law firms fined over CDD failings in S$3 billion Singapore laundering case

Six law firms and lawyers who work, or did so, for some of them have been penalised by Singapore's Ministry of Law for their role in the country's largest money laundering case, in 2023, involving around S$3 billion (US$2.2 billion) in criminal funds derived from online scams and gambling, some of which was invested in luxury real estate.

Six law firms and lawyers who work, or did so, for some of them have been penalised by Singapore's Ministry of Law (MinLaw) for their role in the country's largest money laundering case, in 2023, involving around S$3 billion (US$2.2 billion) in criminal funds derived from online scams and gambling, some of which was invested in luxury real estate.