Singapore has seized assets worth over S$2.8 billion ($2 billion) to date, in one of the country’s largest-ever money-laundering cases, Minister Josephine Teo said in parliament.
The amount has climbed from a prior S$2.4 billion in value of assets seized.
Teo was speaking in parliament after lawmakers submitted dozens of questions to be answered by the government, including on the need to tighten existing money-laundering rules.
