$2.8b money laundering case: What happens to tainted donations?

Charities that accept donations from dubious donors can face significant legal penalties in Singapore, which may involve the freezing of their assets or confiscation of the illegal funds. Mr Chenthil Kumarasingam, partner at Withers KhattarWong, said this could prove...

Charities that accept donations from dubious donors can face significant legal penalties in Singapore, which may involve the freezing of their assets or confiscation of the illegal funds.

He said: “If a charity is found to have used donations originating from illicit sources, the authorities may seek to recover these funds. It might involve freezing the charity’s assets or seeking a court order to confiscate the tainted funds.”“This could potentially impact the charity’s financial health, especially if large sums are involved,” Mr Kumarasingam added.

Checks by The Sunday Times found that some of the accused allegedly donated to local charities and social service agencies. “If a charity can demonstrate it has taken reasonable precautions, conducted necessary anti-money laundering checks, and acted in good faith, it may be treated more leniently.”

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