All posts tagged "Singapore Police"
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254EnforcementSingapore Court Charges UK Man in Wirecard Probe
The man faces charges for abetting the falsification of a document that represented Wirecard's missing money was being held in escrow.
September 2, 2021 -
199AML / KYCSingapore Court Jails Key Members of SkillsFuture Scam
A husband and wife were jailed for 17 and 14 years respectively after pleading guilty to cheating, forgery and money laundering offences.
August 18, 2021 -
331AML / KYC
Singapore Sees Resurgence of ‘Pump and Dump’ Scams
Seven victims recently bought more than 49,000 shares in a US-listed company based on the recommendation of an “expert” and lost over $1mn within two days.
August 12, 2021 -
333AML / KYC
SG Police Investigate Over 300 Individuals in Cases of Scams
The suspects are being investigated for the offences of cheating, money laundering or providing payment services without a licence.
March 31, 2021 -
316EnforcementSG Police to Lay 23 More Charges Against Hin Leong Founder
The new charges could not be tendered against Lim Oon Kuin on Monday because the 78-year-old said he was unwell.
March 30, 2021 -
299AML / KYC
Singapore Police Arrest Man Over China Official Impersonation Scam
The man received over S$209,000 from a woman who was told she was under investigation and needed to resolve the case.
March 12, 2021 -
1.1KEnforcementSingapore Police Lay Second Charge Against Hin Leong Founder
The second charge is for a forged email that was used alongside an inter-tank transfer certificate to secure more than $56mn in trade financing.
September 29, 2020 -
1.7KAML / KYCSingapore Police Raid ZenRock Following HSBC Allegations of Fraud
Singapore’s High Court has reportedly appointed KPMG executives as interim judicial managers to oversee a transition to new management at ZenRock Commodities, an oil trading firm.
May 10, 2020 -
975Enforcement
Singapore Police Open Probe into Renowned Oil Trader
Hin Leong Trading's founder admitted to concealing $800mn in losses from oil futures. The firm now unpaid debts of $3.85bn. Up to 23 banks are affected.
April 22, 2020 -
2.0KAML / KYCSingapore: Suspect Arrested in Covid-19 Money Laundering Case
Quick intervention by seven banks allowed enabled the recovery of more than 60% of the amount scammed in the fraudulent sale of surgical masks and hand sanitisers.
April 7, 2020
