SPF seizes $1 bil assets in form of GCBs, cars and property, in money laundering raid

SPF seizes $1 bil assets in form of GCBs, cars and property, in money laundering raid

In a significant crackdown against money laundering, the Singapore Police Force (SPF) has successfully seized a staggering $1 billion worth of assets. The confiscated items, including luxury cars, prime real estate, and valuable GCBs, are suspected to have been involved in illicit activities. This operation reflects SPF’s commitment to combat financial crimes and sends a strong message to those engaging in illegal transactions.