Properties popular with criminals looking to ‘wash’ dirty money

August 18, 2023 9:20 PM

SINGAPORE – Despite Singapore’s strict regulations to prevent money laundering through real estate, property transactions remain attractive for criminals looking to wash dirty money, said lawyers and property consultants.

Many are drawn to Singapore properties due to the stable economy. Rising prices also make real estate an attractive and safe avenue. In addition, large sums of money are involved in a single transaction.

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