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Singapore billion dollar money laundering case. On 15 August 2023, the Singapore Police Force conducted an operation against money laundering. [ 1] It is the biggest money laundering case in Singapore, and among the biggest in the world, [ 2] involving assets worth 3 billion Singapore dollars. [ 3]
The total value of assets seized in Singapore's biggest money laundering case has swelled to S$2.4 billion ($1.76 billion), police said on Wednesday. The assets now include cash amounting to more ...
e. The Marcos family, a political family in the Philippines, owns various assets that Philippine courts have determined to have been acquired through illicit means during the presidency of Ferdinand Marcos from 1965–1986. [1] [2] These assets are referred to using several terms, including "ill-gotten wealth" [3] and "unexplained wealth," [4 ...
GIC Private Limited is a Singaporean sovereign wealth fund that manages the country's foreign reserves.Established by the Government of Singapore in 1981 as the Government of Singapore Investment Corporation, from which the acronym "GIC" is derived, its mission is to preserve and enhance the international purchasing power of the reserves, with the aim to achieve good long-term returns above ...
National net wealth, also known as national net worth, is the total sum of the value of a country's assets minus its liabilities. It refers to the total value of net wealth possessed by the residents of a state at a set point in time. [ 1 ]
The first paper money circulated in the Philippines was the Philippine peso fuerte issued in 1851 by the country's first bank, the El Banco Español Filipino de Isabel II. Being bimetallic and convertible to either silver pesos or gold onzas, its volume of 1,800,000 pesos was small relative to about 40,000,000 silver pesos in circulation at the ...
The Philippine peso has since traded versus the U.S. dollar in a range of ₱24–46 from 1993 to 1999, ₱40–56 from 2000 to 2009, and ₱40–54 from 2010 to 2019. The previous 1903–1934 definition of a peso as 12.9 grains of 0.9 gold (or 0.0241875 XAU) is now worth ₱2,266.03 based on gold prices as of November 2021.
Over $2.8 billion worth of assets were seized and/or subjected to prohibition of disposal orders in raids across the country: 152 properties and 62 vehicles (>$1.24 billion), cash in bank accounts (>$1.45 billion), cash of various currencies (>$76 million), thousands of bottles of wine and spirits, cryptocurrencies (>$38 million), 68 gold bars ...