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Singapore Charges Ex-Bankers in $2.3 Billion Money-Laundering Case

Aug 15, 2024, 02:54 AM

Singapore has charged two former bankers from Citibank and Julius Baer in connection with the country's largest money-laundering case. The charges, announced on Thursday, involve a money-laundering ring that allegedly laundered $2.3 billion. The case highlights Singapore's ongoing efforts to combat financial crimes and maintain its reputation as a global financial hub. The accused bankers are believed to have facilitated the laundering activities for a group of foreigners convicted last year.