Singaporean woman opened bank accounts that received over S$711mil, admits not knowing sources of funds


- Illustrative photo.

SINGAPORE: A woman has admitted in court that she did not know the sources of hundreds of millions of dollars that were transferred to her firm’s three corporate bank accounts.

On Wednesday (March 5), Zin Nwe Nyunt, 58, pleaded guilty to two counts of working together with a male Myanmar national, who was her husband’s childhood friend, to carry out a business of providing a payment service in Singapore without a licence.

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