Singapore’s luxury car sales plummet after money-laundering scandal

Singapore’s luxury car sales plummet after money-laundering scandal

Number of new Bentley, Ferrari, Jaguar and Rolls-Royce models sold in city-state drop by as much as three-quarters

NEWS: Money laundering scandal hits Singapore luxury car market - AML Intelligence

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A New Singapore Family Office Scandal is Brewing

A substantive multi-million-dollar fraud case is likely working through the city-state justice system, potentially tarnishing the wealth management and banking sector for the second time in as many years.  If 2023 was the year of the money laundering scandal, something finews. asia extensively commented on at the time, 2025 could become the year of large-scale fraud. A «Nikkei Asia» article published recently lists the individuals and the rough …