[Bigiron]

These 5 leaders of a Japanese syndicate, accused of laundering $628.7 million for criminals, lived and worked in Singapore.

Some were appointed directors of companies here over the last 2 years. https://str.sg/bjXp

[luncheonmeat]

He said that, as a lawyer, he knew the importance of conducting thorough checks to prevent money laundering.

His checks showed that the men lived in rented properties in Singapore and did not appear to own luxury vehicles.

They relied on public transport instead.

He said that he flew to Japan twice to check their identities and office premises, and found the business set-up to be normal.

The lawyer said he last met the men in April.

Japanese daily Sankei Shimbun reported that the Rivaton Group, which claims to be a payment solutions provider, had allegedly laundered funds for multiple criminal groups.

A senior police official was quoted saying the Rivaton Group operated just like a normal company, with members typically working office hours, attending meetings and being paid a salary.

The company had a handbook on how to answer questions from auditors and financial institutions to avoid suspicion.

The syndicate has been accused of using a system that automatically transferred funds from one bank account to another, with transfers triggered by either account balances or time passed.

Beri clever syndicate that kept a low profile and did not affect our property prices the way the ah tiongs did. More important qn is money izit still in our banks and can garbagemen jiak or not.

[KILLjoy]

[goodboy]

The journalistic language and tone used in this article very different from that of the Fujian gang articles leh!

Is it because one is Japanese and the other is Chinese?

[Sticw]

Singapore if not used as a port of call and transfers, I dunno what value is left in this island...

[theold]

The earlier batch spent here and there with donations. Everyone is aware of them. This group keeps to themselves even the money circulates among themselves.