Lawyers and luxury goods dealers shed light on the legal procedures. Read more at straitstimes.com.
SINGAPORE - An islandwide blitz by the Singapore Police Force on Aug 15 led to the arrest of 10 foreigners, including five who were subsequently charged under an anti-money laundering law.
Lawyer Cory Wong, director at Invictus Law Corporation, said the law can be enforced as long as some link is established to show criminal activity. Under the Criminal Procedure Code, the police will take custody of physical things such as electronic devices, cash or personal belongings, said lawyer Eugene Thuraisingam, of Eugene Thuraisingam LLP, in a paper published online.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Accused in billion-dollar money laundering case may be part of syndicate: DPPThere is information that the accused being investigated in the billion-dollar money laundering case are...
Read more »
S$1 billion money laundering case: 4 individuals remanded further over fears of collusion if releasedSINGAPORE: Four of the accused in a S$1 billion (US$736 million) money laundering probe were remanded for another eight days on Wednesday (Aug 23), after prosecutors warned
Read more »
China EV maker Zeekr to start investor tour ahead of US$1 billion US IPO: SourcesHONG KONG: Zeekr, Chinese automaker Geely's premium electric vehicle (EV) brand, will meet global investors from August-end to test appetite for a US$1 billion US initial public offering (IPO), said people with direct knowledge of the matter. It is hoping the share sale will yield a valuation of over US$13
Read more »
Sandwich chain Subway nears deal to be bought for more than US$9 billion: SourceNEW YORK: The Subway sandwich chain is near a deal to be acquired for more than US$9 billion in a transaction that could be announced as soon as Wednesday (Aug 23), a person familiar with the matter said. Bids for the sandwich chain were due Tuesday, the person said, with competing offers from Roark Capita
Read more »
Nvidia forecast tops Wall Street expectations, US$25 billion share buyback plannedChip designer Nvidia on Wednesday forecast third-quarter revenue above Wall Street targets and said it will buy back US$25 billion more of its shares as sales benefit from soaring demand for its chips that power nearly all the world's major artificial-intelligence apps. Shares of the Santa-Clara, Californi
Read more »
Nvidia adds jet fuel to AI optimism with record results, $25 billion buyback:Nvidia far exceeded expectations with its quarterly revenue forecast on Wednesday as an artificial-intelligence boom fueled demand for its chips and said it would buy back $25 billion in stock, sending its shares soaring after hours. Nvidia's forecast beat expectations by billions of dollars, demonstrating t
Read more »