Accused in $3b money laundering case jailed 13 months

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Accused in $3b money laundering case jailed 13 months
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Cambodian national Su Wenqiang has been sentenced to 13 months’ jail after he pleaded guilty on April 2 to money laundering. He is the first of 10 foreign nationals to be convicted over a probe that saw more than $3 billion in cash and assets seized. The...

Cambodian national Su Wenqiang has been sentenced to 13 months’ jail after he pleaded guilty on April 2 to money laundering.

The foreign national has been held in remand for about eight months since his arrest on Aug 15, 2023. The business targeted people in China and ran a website which allowed its customers to gamble online. In China, online gambling is considered illegal. In June 2023, he contacted a person identified in court as B, who was managing the finances of the remote gambling operation, and asked for his share of the proceeds. B’s whereabouts was not mention in court.

In his submissions, DPP Edwin Soh highlighted what Second Minister for Home Affairs Josephine Teo said in Parliament in October 2023 - that some criminals are trying to exploit Singapore’s openness to launder illicit funds.

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