Twelve Malaysians have been arrested for suspected money laundering involving Singapore bank accounts, following a joint operation by Malaysian and Singaporean police. On August 9, raids by Singapore’s Commercial Affairs Department (CAD) and Johor’s Commercial Crime Investigation Department (CCID) led to the identification of a money laundering cell in Johor.
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Malaysians Detained
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A 22-year-old Malaysian, Besmond Huan Yu Kang, was extradited to Singapore on August 18 and charged with conspiracy related to obtaining Singapore bank account credentials. Huan, who is currently detained, faces up to three years in prison and fines if convicted. Singapore’s CAD vows continued collaboration to combat transnational financial crimes.
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