Singapore legal services director fines two law practices over AML breaches

Singapore’s Director of Legal Services fined two law practices S$30,000 and S$100,000 for anti-money laundering breaches connected to property transactions linked to the 2023 money-laundering investigation, reportedly. A third practice faces a proposed S$70,000 penalty, a fourth received a private reprimand, and one lawyer was referred for possible disciplinary action. The Ministry of Law said 13 other practices remain under review.