How long have these money launders been living happily enjoying their luxury lives on our land? How they managed to park their mega wealth in our banks? How they managed to register multiple companies in our country? How they managed to buy multiple luxury condominiums and GCB in our country?
why is the Minister-in-charge of the Cyber Security Agency answering questions on money laundering? teo never spent a day in the Ministry of Finance. what does she know about money laundering? where's LW? or HSK, the ex-FM? or even Tharman? the ex-ex-FM? no sound no picture?
Name the NAMES. First, name the foreigners. Are they mainland Chinese? Then, name the Singaporeans. Publicize their names far and wide, in every media.
Are these money launders the cause for the high COE and property prices? Surely their activities does have some rub-on influence on these. Maybe to some extent on the rise of general COL here in Paradise. Hopefully the millionaire ministers will go after the billionaire launders to mitigate the COL for the poor Singaporeans! Finally, with the money seized and the asset appropriated, is there still a necessity to raise public transport fares and utilities?
Sg has always been money laundry hub, the issue is past 10 yrs it have increased significantly without any other actual industry development. Its much more dependent on money laundry nowadays is the cause of concern. To give local jobs and economy running, need those criminals to deposit into singapore money.
0:00: 🔍 Singapore conducted a major anti-money laundering operation resulting in the arrest of 10 individuals and the seizure of assets. 6:38: 💰 Singapore police have seized over $2.8 billion in assets in one of the largest anti-money laundering operations in the world. 14:00: 💰 Singapore takes money laundering seriously and has a robust system in place to detect and take action against such activities. 18:50: ✅ Singapore's anti-money laundering strategy includes prevention, detection, and enforcement through a robust legal and regulatory framework. 26:00: 🔍 Singapore's AML regime aims to target money laundering risks by extending reporting requirements and enhancing detection methods. 32:05: 💼 Singapore has a robust anti-money laundering regime and cooperates with international authorities to trace and seize illicit funds. 37:34: ✅ Singapore has strengthened its anti-money laundering regime and is able to detect and take action against suspicious individuals and activities. Recap by Tammy AI
PR is allowed to stay in Singapore forever & Work Pass holder can stay in Singapore as long they can get their pass renew, this is the same in other immigration country such as US, AUS &..
I appreciate the Minister's thorough explanation. But with such a tight system, I'm puzzled why $2.8 billions can get through? Who is sleeping on the job? Is it a policy issue or a problem on the ground? It's also time the government look at all those ponzi style crypto offerings like Titano, Arena, Jade, Ring, etc., of which many are rugged of their hard earned retirement savings. I'm sure the banks have records of how the money were moved. Is MAS willing to act?
Police didn't arrest immediately. They investigated to ensure they had the whole money-laundering gang. Minister Teo lays how the money got into Singapore - illegal online gambling, etc. There are suspects outside of Singapore who will be arrested and charged. This is a very sophisticated group. They use assets like cash, gold bars, watches, real estate, etc. This group gave ill-gotten donations to charities, who now have to refund the donations to the Court. Based on Singapore's laws, the Court will decide what to do about assets.
I guess the suspects crossed the line and triggered a probe only after the 105th property purchase, because no one in Singapore can afford 105 properties without paying for them with dirty money, right Josephine?
If all money laundering were to be stopped in Sinkapur, it would go bankrupt within 10years, SGD would be on par with Pakistan rupee, and apartments would cost 10% of what they do now.
Money laundering exists in the island state for a very long time since 70s occurring in retail, casino, properties and other small businesses. Govt is aware as it help to contribute to economic development. This recent case is major alarm cos the syndicate is huge capable of attracting more dirty money circulating in Singapore which can destabilise the economy. This case is in reality a China problem when money is being moved out of Hong Kong to Singapore. The operation was swift causing china to be concerned that the rich is using Singapore as a money laundering centre and instructed Singapore to curb it.
Agreed with u Alex, wish our country has the guts like Singapore government. Just my own comments to Singapore, get closer to some countries u will get more & more cases like this one.
Who give the police order to halt further action in the initial phrase? that to me is fishy as in possible govt intervention of police work especially since the police investigation as mention by Jo teo is in discreet and involved very few officers? Ask those in the property sector they knew of fujian gang and these criminals called themselves fujian gang for years in Singapore. somehow the police work was delay for how long as mention by Jo teo?
Other than being guilty of conflating the interests of the party and the state, Teo presented Parliament with a false dichotomy in asking whether it was “better for Singapore to support an opposition … in the hope that it could govern well when it overthrows a corrupt PAP … (or) to make sure that the PAP … has the strongest team to serve Singaporeans?”
some of these arrested clowns have been residing in Singapore for at least 6-7 years... so many suspicious transactions on posh vehicles and condominium/GCB units. why wait until PRC's Wang Yi visit to SG then action is taken? one shot buy multiple units of condo units not suspicious? i know of someone who fullcash a brand new toyota car and CPIB called him up to stir kopi... all these Bentleys and luxurious vehicles and no action taken?
$2.8 BILLION... u need 5/9 lorries 2 transport that lot of money...including 110 properties....2021 to 2023=24 mths...2 make public...1st haul is $1.2 BILLION...then balloned 2 2.4 BILLION... dec. $3.8 BILLION ?????
The Government undertakes what is right and necessary. The silent majority is behind the Government in doing so. It is the voice of the vocal minority that's always loud, incessant, critical, and devoid of offering effective, thought-through solutions.
Corruption is worldwide no matter how small the value, but my question is simple yet complicated, since they have seized the large sum of assets & fund from these criminals, what are they going to do with them? Are they going to sell it and absorb the proceeds for their own? or will they return all the money to the victims?
while it does not diminish the true danger which Low Thia Kiang alluded to: that the PAP, with its overweening dominance, may grow corrupt and rule illiberally, and that this danger can be better checked with a “more effective opposition presence.”
ai ya...one world gov dominance is in the making aldy. No need to mention PAP lah. PAP is still in good hands. Tharman still there until 2029. Just hope the coming PM and team are not corrupt and more than capable to handle the world
Ofcourse they must do something or else it will get worst..the world is watching... Dont want bad, dangerous people to come either.... So quick action is needed.. Good job by everyone including police and the government...
The PAP MPs, in their propensity to believe that their Parliamentary ascendancy is good for the country, are hence more inclined to institute a system of internal self-regulation rather than be subjected to independent regulation by an opposition force.
The central thrust of most of the arguments seems to lie in the need to “preserve a corruption-free political system, and to maintain a political culture that does not tolerate corruption.”
How long have these money launders been living happily enjoying their luxury lives on our land? How they managed to park their mega wealth in our banks? How they managed to register multiple companies in our country? How they managed to buy multiple luxury condominiums and GCB in our country?
Are they foreign ? Walao their existence here in sg really amaze me 😂
Thanks the MPs that asked for the transparency
How they buy more than a 100 properties without alerting until recent over the years?
Great police work 🎉
I learn something. Next time my boss ask why never raise alert earlier to any problem - I will say "in monitoring" covertly.
The empty seats behind her stand out more than her full speech ?! 😊
Jo Teo sounds like she's in love with her own voice
She reading News on Ch 5... 😅
why is the Minister-in-charge of the Cyber Security Agency answering questions on money laundering? teo never spent a day in the Ministry of Finance. what does she know about money laundering? where's LW? or HSK, the ex-FM? or even Tharman? the ex-ex-FM? no sound no picture?
@hieveryone2003 by your logic, teo chee hean should take the stand for ALL QUESTIONS. he's the oldest after LHL.
@@michael8372because she is the second minister for home affairs as well
Name the NAMES. First, name the foreigners. Are they mainland Chinese? Then, name the Singaporeans. Publicize their names far and wide, in every media.
Great job from the police force !!!! 👏🏼👏🏼👏🏼
Anyone knows whatever happened to Iswaran?? Is this just a distraction from that corruption case?
Are these money launders the cause for the high COE and property prices? Surely their activities does have some rub-on influence on these. Maybe to some extent on the rise of general COL here in Paradise. Hopefully the millionaire ministers will go after the billionaire launders to mitigate the COL for the poor Singaporeans! Finally, with the money seized and the asset appropriated, is there still a necessity to raise public transport fares and utilities?
Sg has always been money laundry hub, the issue is past 10 yrs it have increased significantly without any other actual industry development. Its much more dependent on money laundry nowadays is the cause of concern. To give local jobs and economy running, need those criminals to deposit into singapore money.
$2.8bn of assets, 150 properties, over 4-5 years ... yet she stands there congratulating herself. not just a joke, but delusional
How about telling people about the iswaran case first.
0:00: 🔍 Singapore conducted a major anti-money laundering operation resulting in the arrest of 10 individuals and the seizure of assets.
6:38: 💰 Singapore police have seized over $2.8 billion in assets in one of the largest anti-money laundering operations in the world.
14:00: 💰 Singapore takes money laundering seriously and has a robust system in place to detect and take action against such activities.
18:50: ✅ Singapore's anti-money laundering strategy includes prevention, detection, and enforcement through a robust legal and regulatory framework.
26:00: 🔍 Singapore's AML regime aims to target money laundering risks by extending reporting requirements and enhancing detection methods.
32:05: 💼 Singapore has a robust anti-money laundering regime and cooperates with international authorities to trace and seize illicit funds.
37:34: ✅ Singapore has strengthened its anti-money laundering regime and is able to detect and take action against suspicious individuals and activities.
Recap by Tammy AI
how come these non citizens and PR could stay in Singapore for so long always amazes me..... a part of PAP open leg policy?
pay money can stay already. maybe someone forgot to pay their tribute. so start catching..
PR is allowed to stay in Singapore forever & Work Pass holder can stay in Singapore as long they can get their pass renew, this is the same in other immigration country such as US, AUS &..
@@jly5828 they are not PR. Thus what u said doesnt applies.
@@MrInsaneCranium In Singapore... its possible
@@jly5828 sometimes i wonder whether you can read? read carefully my sentences before reply lah....
I appreciate the Minister's thorough explanation. But with such a tight system, I'm puzzled why $2.8 billions can get through? Who is sleeping on the job? Is it a policy issue or a problem on the ground? It's also time the government look at all those ponzi style crypto offerings like Titano, Arena, Jade, Ring, etc., of which many are rugged of their hard earned retirement savings. I'm sure the banks have records of how the money were moved. Is MAS willing to act?
Police didn't arrest immediately. They investigated to ensure they had the whole money-laundering gang.
Minister Teo lays how the money got into Singapore - illegal online gambling, etc. There are suspects outside of Singapore who will be arrested and charged.
This is a very sophisticated group. They use assets like cash, gold bars, watches, real estate, etc.
This group gave ill-gotten donations to charities, who now have to refund the donations to the Court.
Based on Singapore's laws, the Court will decide what to do about assets.
I guess the suspects crossed the line and triggered a probe only after the 105th property purchase, because no one in Singapore can afford 105 properties without paying for them with dirty money, right Josephine?
152 wont affect property prices when they were purchased.. but cannot sell or sell at one shot.. tot minimal impact?
She said that SPF first started investigation in 2021.
A few minister's heads should roll for this "lapse".
If all money laundering were to be stopped in Sinkapur, it would go bankrupt within 10years, SGD would be on par with Pakistan rupee, and apartments would cost 10% of what they do now.
You are definitely some who doesn’t love or inspire this country to grow well.
How many more out there!!!
Money laundering exists in the island state for a very long time since 70s occurring in retail, casino, properties and other small businesses. Govt is aware as it help to contribute to economic development. This recent case is major alarm cos the syndicate is huge capable of attracting more dirty money circulating in Singapore which can destabilise the economy. This case is in reality a China problem when money is being moved out of Hong Kong to Singapore. The operation was swift causing china to be concerned that the rich is using Singapore as a money laundering centre and instructed Singapore to curb it.
A bit too late .Somebody is sleeping on his/her job.
I will ask... If chicken expensive eat what?
Thanks for preventing more victims from occuring.
I wish Canada was like Singapore when it comes to money laundering!
You mean Canada has less than 1 case of money laundering case under investigation?
Agreed with u Alex, wish our country has the guts like Singapore government. Just my own comments to Singapore, get closer to some countries u will get more & more cases like this one.
lol, not possible
I have forwarded this post
ALAMAK !! I DONT WISH STATEMENTS. I wish to see ACTION
ACTION , MADAM , ACTION !!
Already act lia, those Chinese national criminal is in jail lia
All sudden deposits of very very hugh amount must screen
Syabas kepada segala pihak yang berkenaan!
Another useless minister that talk non stop on digital....😂
Hi bro, you're so correct. The pap, Lee and Tharman are the most bad and worst peoples in this world.
Who give the police order to halt further action in the initial phrase? that to me is fishy as in possible govt intervention of police work especially since the police investigation as mention by Jo teo is in discreet and involved very few officers? Ask those in the property sector they knew of fujian gang and these criminals called themselves fujian gang for years in Singapore. somehow the police work was delay for how long as mention by Jo teo?
GOD BLESS PAP WITH WISDOM AND DISCERNMENT ALWAYS.
Other than being guilty of conflating the interests of the party and the state, Teo presented Parliament with a false dichotomy in asking whether it was “better for Singapore to support an opposition … in the hope that it could govern well when it overthrows a corrupt PAP … (or) to make sure that the PAP … has the strongest team to serve Singaporeans?”
some of these arrested clowns have been residing in Singapore for at least 6-7 years... so many suspicious transactions on posh vehicles and condominium/GCB units. why wait until PRC's Wang Yi visit to SG then action is taken? one shot buy multiple units of condo units not suspicious? i know of someone who fullcash a brand new toyota car and CPIB called him up to stir kopi... all these Bentleys and luxurious vehicles and no action taken?
Tiny island bowed down to the might of RedChina.
Waahhh hearing the items seized is very scary . Imagine how long their sentence will be . Big fish 😢
No need for more ministers to help cover up and explain 😅
Later lunch what to eat ? Any idea ?
$2.8 BILLION... u need 5/9 lorries 2 transport that lot of money...including 110 properties....2021 to 2023=24 mths...2 make public...1st haul is $1.2 BILLION...then balloned 2 2.4 BILLION... dec. $3.8 BILLION ?????
Can anyone tell the differences between a used car sale person or a property sale person?
This is NOT the Largest Financial Scandal …
time to go....waste time and money...
10 individuals of 6M population - $2.8B......how many more?
The Government undertakes what is right and necessary. The silent majority is behind the Government in doing so.
It is the voice of the vocal minority that's always loud, incessant, critical, and devoid of offering effective, thought-through solutions.
Teo is hokkien pronounciation of 张，which in Mandarin is Chang, and in Cantonese Cheung
it's a known fact that Singapore FI was built on ML. So how is it news? LOL
When you bring people from PRC
Useless law enforcement
Are you going to name those locals involved, charged them and have all these for the public to see?
No...I don't think so.
I rest my case.😆😆😆😆😆🤣🤣🤣🤣
No cannot 😅 co it will link to more ppl and more worms coming out 😂
Corruption is worldwide no matter how small the value, but my question is simple yet complicated, since they have seized the large sum of assets & fund from these criminals, what are they going to do with them? Are they going to sell it and absorb the proceeds for their own? or will they return all the money to the victims?
Chatgpt, pls help to summarise
So waht is the decision of MAS or whoever, on how this $2b is gonna be used? Go to Reserves?
Distribute to the poor and needy
you all sure took your own sweet time.. in the first place it should have been blocked without the money entering the system
More and more...
Parliament English getting "worse and worse"
Ok now don't be greedy and give some of that money to us regular people
Most funny thing is 2 Sundays ago ST feature good PRC ppl living here…. That’s says a lot
PRC going Singapore to work is already in the past, that's like 20 years ago in early 2000s. Their real income is as high nowadays.
@@markfish1113 yup, times changed, now they come to launder money as Sin is lax
she is taking credit for others' hard work.
She did not take credit for anyone's work.
what is that?
Script reading practice?
😢
should make these launderers wait as long as those who buy BTOs
while it does not diminish the true danger which Low Thia Kiang alluded to: that the PAP, with its overweening dominance, may grow corrupt and rule illiberally, and that this danger can be better checked with a “more effective opposition presence.”
ai ya...one world gov dominance is in the making aldy. No need to mention PAP lah. PAP is still in good hands. Tharman still there until 2029. Just hope the coming PM and team are not corrupt and more than capable to handle the world
Ofcourse they must do something or else it will get worst..the world is watching...
Dont want bad, dangerous people to come either....
So quick action is needed..
Good job by everyone including police and the government...
What's the moral of the story?
The PAP MPs, in their propensity to believe that their Parliamentary ascendancy is good for the country, are hence more inclined to institute a system of internal self-regulation rather than be subjected to independent regulation by an opposition force.
❤❤❤❤❤
With 9-10% gst, tharman and teo suck and pineapple sucks 🍍🍍👎👎.
Welcome to Singapore ...... No need passports? tsk tsk tsk
Please visit China n explain to Xi...as all are mainlander Chinese...he may not take kindly esp the 2.8 billion
You need a very small space to have
Actually they are sleeping and now they claim the prize ?
Score brownie points for her perfomance appraisal. More bonus to come, huat ah
The central thrust of most of the arguments seems to lie in the need to “preserve a corruption-free political system, and to maintain a political culture that does not tolerate corruption.”
raid liao the money go where? 🤣
I guess money go to SG government as seized assets that can be use freely by government purposes, guess nia, cannot guarantee cun de
Chinese are money minded
Why are women only making statements in Singapore ? Where are the bapok men in our cabinet ?
Sexists statement