[theold]

The new Anti-Money Laundering and Other Matters Bill introduced to parliament on Tuesday will remove the need for the prosecution to show a direct link between the criminal conduct and the laundered funds, the Home Affairs Ministry said in a press release.

The new bill will also allow law enforcement to investigate money laundering offences linked to overseas environmental crimes.

The ministry said it will also tighten requirements for casino operators to conduct customer due diligence, bringing down the threshold of a single cash transaction involving S$10,000 ($7,362) or more or S$5,000 or more in a deposit to transactions and deposits involving at least S$4,000.

https://www.malaymail.com/news/singapore...ses/142528

[Alice Alicia]

Pap will need to build more prisons.