Illicit Wealth and Property in Singapore Part 2

The real estate market has long been a prime destination for individuals seeking to launder illicit wealth. It is one of the oldest-known ways.

In this episode, citing the infamous Panama Papers that took the world by storm in 2020, Professor Ang Swee Hoon dives into the mechanics behind money laundering and offshore secrecy. Based on transactions that took place in Singapore, she shares interesting findings about the types and locations of property that were purchased. More interestingly, she reveals insights about the profiles of those involved in these transactions.