Oral Reply to Parliamentary Question on Number of Suspicious Real Estate Transaction Reports Filed in the Past Five Years

Question:

Mr Chua Kheng Wee Louis: To ask the Minister for Home Affairs in each of the past five years (a) what is the number of suspicious real estate transaction reports filed; and (b) what is the number of convictions on money laundering involving (i) residential real estate and (ii) commercial real estate in Singapore.

Answer:

Ms Sun Xueling, Minister of State, Ministry of Home Affairs and Ministry of Social and Family Development:

1.   Mr Speaker, Sir, the Suspicious Transaction Reporting Office, otherwise known as the STRO of the Singapore Police Force, does not publicly release detailed statistics relating to the filing of suspicious transaction reports.

2.   The Police do not track money laundering convictions by asset class.