Singapore Convicts Two in Record US$2.2 Billion Money Laundering Case

The convicted individuals, of Cambodian and Cypriot nationality, will be deported after serving their jail sentences.

Su Wenqiang and Su Haijin are the first two men convicted in Singapore's largest money laundering case, involving over US$2.2 billion in assets seized or frozen.
Su Wenqiang, a Cambodian national, was sentenced to 13 months in jail, while Su Haijin, a Cypriot national, received a 14-month sentence.
The investigation has prompted Singapore to review its anti-money laundering measures and inspect financial institutions for involvement.
More than S$3 billion in assets, including luxury properties, cash, and jewelry, have been seized or frozen, marking one of the largest money laundering operations globally.
The cases of the remaining seven accused are still in the pre-trial conference stages, with all denied bail.