2023 Singapore Money Laundering Case – Art and Luxury Assets Seized

On 15 August 2023, Singapore Police conducted large-scale raids resulting in the arrest of 10 foreign nationals and the seizure of over S$3 billion in assets, including luxury items, gold bars, and artworks, in what became Singapore's largest-ever money laundering case. All 10 accused were convicted; assets worth nearly S$2.03 billion were surrendered to the state, with further seizures pursued internationally.