Singapore Prime Minister’s Office awards Mohammed Aziz Khan for his outstanding contribution during COVID-19

Summit Group Chairman Muhammad Aziz Khan has received the Public Service Medal from the Prime Minister’s Office in Singapore for his outstanding contribution to society during the pandemic (COVID-19). According to a press release received on Thursday, Health Minister Ong Ye Kung, on behalf of the Office of the Prime Minister of Singapore, handed over […]

Singapore seizes, freezes assets worth $1.76 billion in money laundering case

During the operation police arrested 10 foreign nationals – from China, Turkey, Cambodia, Cyprus and Vanuatu – members of a group suspected of laundering money derived from overseas criminal activities, including scams and online gambling. Documents containing information on bank accounts, cash, virtual assets, properties, vehicles and luxury items such as bags and watches were […]

Ex-minister Tharman Shanmugaratnam elected as Singapore’s president with a landslide victory

Another candidate, 75-year-old former insurance executive Tan Kin Lian, was supported by several opposition leaders, but received only 13.88 percent of the vote. “The presidential election is increasingly being treated as a general election,” said Mustapha Izzuddin, a Singapore political analyst at consultancy solaris strategies. Voting is mandatory for Singapore’s more than 2.7 million eligible […]

India has decided to allow rice exports to Singapore: Ministry of External Affairs

“Formal orders in this regard will be issued shortly,” Bagchi said.India introduced additional safeguards on exports of basmati rice on 27 August to prevent exports of non-basmati white rice, which is currently in the prohibited category. Last Sunday, the government said it had received credible field reports regarding misclassification and illegal export of non-basmati white […]

BNP General Secretary Mirza Fakhrul Islam Alamgir to undergo treatment in Singapore for various health problems

After his release from prison in 2015, Fakhrul went to Singapore for treatment, where he was diagnosed with a problem in his internal carotid artery. Since then, he travels to Singapore every year for follow-up treatment. Earlier this year, in February, the 76-year-old BNP general secretary went to Singapore for a medical checkup.

Why are money launderers leaving Singapore?

The Monetary Authority of Singapore, the country’s central bank, is working with six major commercial banks in Singapore to develop a digital platform, COSMIC, which stands for “Collaborative Sharing of Money Laundering/Terrorism Financing (ML/TF) Information and Cases”. . Namely, DBS Bank, Overseas-Chinese Banking Corporation (OCBC Bank), United Overseas Bank (UOB), Standard Chartered Bank (SCB), Citibank […]