$1.1 Billion Crypto Money Laundering Scandal Puts Singapore Banking System Under Scrutiny

Singapore’s banking system is facing critical examination following a $1.1 billion money laundering scandal involving cryptocurrencies. The city-state is implementing stricter regulations to combat financial crimes and enhance oversight. Authorities seized over $1.1 billion in assets linked to 10 convicted individuals and numerous suspects. A comprehensive look at how Singapore’s banking system is responding to

Source: CoinOtag