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Tong's avatar

Singapore has always been a hub for illicit deposits. There's even street talk of the island nation is where the military junta of Myanmar keeps their wealth. That's why it's now more commonly known as the Swiss bank of the East.

For obvious reasons the ruling mob party that runs it will deny anything blatantly but it's common knowledge for every business entity.

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Ian Robertson's avatar

Singapore needs to really tighten its banking system and impose very large fines and close the family offices,freeze all the assets of any individuals who are party to money laundering,need to track down the source of these funds and take action

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Ian Robertson's avatar

The banks need to be reprimanded,they have obviously not done their AML due diligence,greed and manipulation needs to be firmly dealt with.The banks who accepted all the i'll gotten gains need to be fined heavily and given a very stern warning

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Aug 30, 2023
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Shariff Adriel Lazarus's avatar

1MDB...hmmm...

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Ian Robertson's avatar

Totally agree

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