3 ministerial statements on $2.4B money laundering case today – Singapore News

Parliamentary session will also address other pressing issues, including public transport fares, food prices, and the progressive wage model

/* inline tdc_css att */.tdi_30_6e3{margin-top:0px !important;margin-right:-40px !important;margin-left:-40px !important;padding-top:30px !important;padding-right:40px !important;padding-bottom:42px !important;padding-left:40px !important;position:relative;}/* portrait */@media (min-width: 768px) and (max-width: 1018px){.tdi_30_6e3{margin-right:-30px !important;margin-left:-30px !important;padding-right:30px !important;padding-bottom:20px !important;padding-left:30px !important;}}/* phone */@media (max-width: 767px){.tdi_30_6e3{margin-right:-24px !important;margin-left:-24px !important;padding-top:25px !important;padding-right:24px !important;padding-bottom:16px !important;padding-left:24px !important;}}/* custom css */.td-pb-span12 .tdi_30_6e3 img.aligncenter,.td-pb-span12 .tdi_30_6e3 .aligncenter img{ margin-left: -1px; width: calc(100% + (2 * 1px)); max-width: none !important; }.td-pb-span12 .tdi_30_6e3 .alignleft{ margin-left: -1px; }.td-pb-span12 .tdi_30_6e3 .alignright{ margin-right: -1px; }.tdi_30_6e3, .tdi_30_6e3 > p{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important;font-size:17px !important;line-height:1.8 !important;font-weight:400 !important; }.tdi_30_6e3 h1{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important;font-style:normal !important;font-weight:700 !important;text-transform:uppercase !important; }.tdi_30_6e3 h2{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important;font-style:normal !important;font-weight:700 !important;text-transform:uppercase !important; }.tdi_30_6e3 h3{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important; }.tdi_30_6e3 h4{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important; }.tdi_30_6e3 h6{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important; }.tdi_30_6e3 blockquote p{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important;font-style:italic !important;font-weight:500 !important;text-transform:uppercase !important; color: #000000; }.tdi_30_6e3,.tdi_30_6e3 p{ color: #444444; }.tdi_30_6e3 .wp-caption-text{ color: #000000; }.tdi_30_6e3 [class*=’top_ad’] .td-adspot-title{ color: #dd3333; }.tdi_30_6e3 [class*=’inline_ad0′] .td-adspot-title{ color: #ffffff; }.tdi_30_6e3 [class*=’inline_ad1′] .td-adspot-title{ color: #ffffff; }.tdi_30_6e3 [class*=’inline_ad2′] .td-adspot-title{ color: #ffffff; }.tdi_30_6e3 [class*=’bottom_ad’] .td-adspot-title{ color: #dd3333; }.tdi_30_6e3_rand_style{background-color:#ffffff !important;}

SINGAPORE: Parliament will see three ministerial statements today (3 Oct) on one of Singapore’s largest-ever money laundering cases.

According to the parliamentary order paper, Second Minister for Home Affairs Josephine Teo, Minister of State for Trade and Industry Alvin Tan, and Second Minister for Finance and National Development Indranee Rajah will be speaking on Singapore’s Anti-Money Laundering Regime. Mr Tan will be speaking on behalf of Deputy Prime Minister Lawrence Wong.

Earlier this month, 10 foreigners faced charges in court after authorities seized and froze approximately S$1 billion in assets. These assets included properties, vehicles, luxury goods, and gold bars.

.uc86e8fe2147cae30a56cb33a57787a44 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #2980B9!important; text-decoration:none; } .uc86e8fe2147cae30a56cb33a57787a44:active, .uc86e8fe2147cae30a56cb33a57787a44:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .uc86e8fe2147cae30a56cb33a57787a44 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .uc86e8fe2147cae30a56cb33a57787a44 .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .uc86e8fe2147cae30a56cb33a57787a44 .postTitle { color:#000000; text-decoration: underline!important; font-size: 16px; } .uc86e8fe2147cae30a56cb33a57787a44:hover .postTitle { text-decoration: underline!important; } See also Heng Swee Keat: We are likely to see more job losses and retrenchments in the coming months

The police updated on Sept 20 that the value of assets seized in the case has climbed to more than S$2.4 billion after further actions. This includes bank accounts with a value of more than S$1.13 billion.

A total of 12 parliamentary questions have been filed for oral answers concerning the money laundering case. Choa Chu Kang GRC MP Zhulkarnain Abdul Rahim asked how the Monetary Authority of Singapore intends to cooperate with relevant agencies to prevent the use of movable assets, such as jewellery and watches, in local money laundering activities. He also inquired about the tightened controls and strict inspections on assets like jewellery and watched brought into the country through importers and retail stores.

.uea0b6ada65533a410061a921ed1301f3 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #2980B9!important; text-decoration:none; } .uea0b6ada65533a410061a921ed1301f3:active, .uea0b6ada65533a410061a921ed1301f3:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .uea0b6ada65533a410061a921ed1301f3 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .uea0b6ada65533a410061a921ed1301f3 .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .uea0b6ada65533a410061a921ed1301f3 .postTitle { color:#000000; text-decoration: underline!important; font-size: 16px; } .uea0b6ada65533a410061a921ed1301f3:hover .postTitle { text-decoration: underline!important; } See also Gan Kim Yong on COVID-19: SG needs to "preserve buffer capacity" in healthcare system and focus resources on the critically ill

Bukit Batok SMC MP Murali Pillai posed questions regarding the involvement of the ten foreigners in organized criminal gangs in Singapore and whether such ties would be investigated further. He also questioned whether additional measures would be implemented to safeguard the local real estate market from exploitation by money launderers.

.u3178894c0266db16dbc97edc469713db { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #2980B9!important; text-decoration:none; } .u3178894c0266db16dbc97edc469713db:active, .u3178894c0266db16dbc97edc469713db:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u3178894c0266db16dbc97edc469713db { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u3178894c0266db16dbc97edc469713db .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .u3178894c0266db16dbc97edc469713db .postTitle { color:#000000; text-decoration: underline!important; font-size: 16px; } .u3178894c0266db16dbc97edc469713db:hover .postTitle { text-decoration: underline!important; } See also Gan Kim Yong on COVID-19: SG needs to "preserve buffer capacity" in healthcare system and focus resources on the critically ill

In addition to the money laundering case, today’s parliamentary session will address other pressing issues, including public transport fares, food prices in hawker centres, and the progressive wage model.