Written Reply to Parliamentary Question on How Money Launderers are Prevented from Purchasing Luxury Cars in Singapore to Launder Money

Question:

Mr Murali Pillai: To ask the Minister for Home Affairs what steps have been or are being put in place to prevent money launderers from purchasing luxury cars in Singapore to launder money.


Answer:

Mrs Josephine Teo, Minister for Communications and Information & Second Minister for Home Affairs

1. Please refer to the Ministerial Statement on Singapore’s Anti-Money Laundering Regime, at the Sitting on 3 October 2023, which has addressed this.