Partner Pardeep Khosa spoke with Global Investigations Review about a proposed bill in Singapore intended to make it easier to secure prosecutions against people and companies for laundering the proceeds of a crime committed overseas.
Pardeep said the proposal puts more responsibility on people and companies doing business in Singapore to verify the source of any funds they receive, since defendants could be found guilty of money laundering if they “ought to have known or had reasonable grounds to believe” that they were handling criminal proceeds.