Vietnamese-American man charged in Singapore over US$8.3 million money laundering case

Vietnamese-American man charged in Singapore over US$8.3 million money laundering case

The 61-year-old purportedly got two women to set up companies and accompanying bank accounts in Singapore, which later received alleged overseas investment scam proceeds.

Man with Vietnamese and American citizenship charged with laundering money linked to scams

Nguyen Duy Khiem, 61, is alleged to have received more than $10.4 million in accounts he controlled. Read more at straitstimes.com.

Singapore Crypto Ban: Casinos Block Crypto Use Amid Money Laundering Fears

Singapore crypto ban has been implemented in the recent changes to the Casino Control Act. The new Act allows for cashless betting. However, it has banned the use of cryptocurrencies in casinos. The new regulations, which were announced on September 10, aim to mitigate the risks of money laundering associated with cryptocurrencies.  The Minister of State for Home Affairs, Sun Xueling, has stated that the Gambling Regulatory Authority has no inte…