Singapore-based remittance firm Samlit Moneychanger Pte. is being investigated for offences including suspected fraudulent trading, marking the most significant development yet in a fund-freeze scandal in the city state. A …
The seizures comes as China cracks down on what it considers massive crime rings that have extended beyond its shores as more of its citizens leave home. Across Asia, nations …
Cross-border payment experts said innocent money remitters in Singapore were likely caught up in increasingly common money laundering raids by Beijing that freeze Chinese accounts as part of their investigations. …
Singapore’s financial regulator has ordered remittance companies in the city state to halt the use of nonbank and non-card channels when sending money to people in China from January 1. …