18-08-2023, 10:56 PM
(18-08-2023, 03:41 PM)Sticw Wrote: For individuals, the offence of rash money laundering is punishable with a maximum fine of S$250,000 or imprisonment of up to five years or both, while the offence of negligent money laundering is punishable with a maximum fine of S$150,000 or imprisonment of up to three years or both.This is too cheap for the money launderers. Laws shd be changed to punish the launderers with a more heavier sentence.
This is loose change for the 10 accused... I think they one month expenditure many times that of the maximum fine. Lol