Steps to Prevent Money Launderers from Purchasing Luxury Cars in Singapore to Launder Money

10 Mr Murali Pillai asked the Minister for Home Affairs what steps have been or are being put in place to prevent money launderers from purchasing luxury cars in Singapore to launder money.

Mrs Josephine Teo: Please refer to the Ministerial Statement on Singapore’s Anti-Money Laundering Regime, at the Sitting on 3 October 2023, which has addressed this. [Please refer to "Singapore's Anti-Money Laundering Regime", Official Report, 3 October 2023, Vol 95, Issue 113, Ministerial Statements section.]