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Asian News of #Encrochat: Singapore seizes $735m of assets in anti-money laundering probe


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Singapore police have seized about S$1bn ($735m; £578m) - including luxury homes, cars and cash - in one of its biggest anti-money laundering probes.


Among the items seized in the raid were old Encrochat phones , SkyECC encrypted phones, luxury cars, designer handbags and $17m (£13.3m) in cash.


Police arrested ten people in the operation, all of whom held foreign passports. Singapore apparently became a safe haven for Encrochat fugitives.


Raids of this size are rare in Singapore, which has one of the lowest crime rates in the world.

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