Singapore woman receives 2.5 year prison sentence for money laundering offences

By in

A Singapore woman was found guilty of money laundering offences has been sentenced to 29 months in prison by the Singapore authorities. The criminal actions were uncovered after the Commercial Affairs Department discovered over 40 falsified wire transfers totaling approximately SGD $417,000, being sent a number of bank accounts she controlled. The wire transfers were from various victims of charity scams, fee fraud and email fraud, all instigated by the convict. The Singapore police urge all online users to verify the end-source before sending funds via bank wire for any purpose.