Parliamentary session will also address other pressing issues, including public transport fares, food prices, and the progressive wage model
This photograph taken on April 29, 2019 shows a couple takeing photograph outside the parliament house in Singapore. SINGAPORE: Parliament will see three ministerial statements today 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.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.
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