Written Replies to Parliamentary Questions
Written Reply to Parliamentary Question on How Money Launderers are Prevented from Purchasing Luxury Cars in Singapore to Launder Money
3 October 2023
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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.