Money laundering

News analysis

Auction sales of luxury homes seized in $3b laundering case falter amid mismatched expectations

A freehold luxury condominium at New Futura in Leonie Hill Road was knocked down for $8.5 million on Oct 28, a 13 per cent discount off its guide price of $9.8 million.

Man to be charged with cheating, money laundering and unauthorised access to computer material

The man will be charged in court on Oct 26.

Greece says it is implementing sanctions linked to Iran

Kyriakos Pierrakakis, President of the Eurogroup, Minister of Economy and Finance, Greece, speaks during a seminar on Forging Resilient and Dynamic Economies for the Future, at the IMF/World Bank 2026 Annual Meetings at Queen Sirikit National Convention Center (QSNCC) in Bangkok, Thailand, October 15, 2026. REUTERS/Athit Perawongmetha

Brother of convicted money launderer forfeits $10 million Sentosa bungalow; handed one year jail

Court documents showed that Zhang Ruisheng received around $17.6 million in his CIMB account in 11 transfers made between August 2020 and September 2020.

Teen conspired with ‘John Wick’ to launder money for Malaysian syndicate

The 19-year-old pleaded guilty to three charges on Oct 14.

US fines Bank of America US$1.2b for anti-money laundering violations

The announcement marks a hit to Bank of America just a day before it reports its third-quarter earnings.

More properties going under the hammer, but don’t expect dirt-cheap buys

It is a buyer’s responsibility to check for any dues and liabilities associated with the auctioned property.

Amex fined US$350 million for anti-money laundering lapses

The US Federal Reserve announced a separate enforcement action against the New York-based company linked to its anti-money laundering programme.

Duo to be charged after corporate bank accounts allegedly used to launder scam proceeds

The man faces 14 charges, while the woman faces eight charges in total.

Up for auction: 6 luxury apartments in Ardmore Park, Leonie Hill linked to money laundering case

A four-bedroom apartment at New Futura in Leonie Hill Road is being put on the auction block on Oct 28.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.