News & Articles

Training Seminar 2018   We held our third Anti-Money Laundering (AML) training seminar on 9 Mar 2018, and we invited more than 100 participants to “lim kopi” with CPIB (Corrupt Practices Investigation Bureau)! Yes, this year we are happy to have Mr Cheot Zhi Chen, Senior Investigator of CPIB, to share with us his experiences in his line of duty when investigating corrupt practices in Singapore.  In addition, we invited Mr Alfred Chia, a veteran in the

In Nov 2017, a veteran Managing Director lawyer with 15 years of experience in conveyancing work, and a Senior Marketing Director of an international real estate agent were both charged in the Singapore Courts for failing to report to the authorities a suspicious property deal in the Sentosa Cove district. The charges were under the serious criminal Section 39(1) of The Corruption, Drug Trafficking and other Serious Crimes (Confiscation of Benefits) Act, commonly known as

A veteran lawyer of 18 years’ standing was suspended in late-Sep 2017, from practice for two years and fined $100,000 for professional misconduct in a case relating to anti-money laundering (AML). In what had started out “innocuously” as an incident of breaching professional conduct rules, the case was eventually escalated into that of aiding money laundering activities, and finally deemed serious enough to be referred to the Court to mete out punishment. In sentencing, Chief

Beneficial owners have in the recent past come under the lime light due to release of the Panama Papers by the International Consortium of Investigative Journalists (ICIJ).  The Panama Papers are approximately 11.5 million of leaked documents from a Panama based Corporate Services Provider (CSP) Mossack Fonseca, detailing how some of the wealthy and powerful individuals and politicians are using webs of offshore companies for illegal purposes, such as fraud, tax evasions, or to avoid

In recent months, there have been an increase in phone scammers in Singapore <Read about phone scams here>. Such scammers would impersonate themselves as employees of DHL, DBS or Chinese authorities and claim that the victim has an illegal parcel held by the Chinese customs, and they would require the victim to transfer huge sums of money to get out of trouble.  In the last three months, there were more than 50 reported cases, and