In August 2023, Singapore uncovered its largest-ever money laundering case, involving over $3 billion in assets. The police conducted raids at multiple locations across the island, arresting 10 individuals tied to organized crime, including scams and online gambling activities. The authorities circulated a list of the arrested individuals and their associates to financial institutions and dealers, urging them to flag any suspicious transactions related to these people. Investigations revealed that many of those involved had shared interests in properties and companies both in Singapore and abroad and held multiple passports.