Singapore’s anti-money laundering efforts led to seizure of S$6bil in criminal proceeds since 2019

PM Lawrence Wong (centre) speaking at the Financial Action Task Force Plenary at the Marina Bay Sands Expo and Convention Centre Grand Ballroom on June 26, 2024. - Photo: ST

SINGAPORE: Anti-money laundering efforts in Singapore saw the authorities seize S$6 billion linked to criminal and money laundering activities between January 2019 and June 2024.

About S$416 million have been returned to victims, while S$1 billion have been forfeited to the state.