News

Professional Services/Legal

Staff Reporter

, Singapore

Published:

11 months ago

164 views

Photo by Sasun Bughdaryan on Pexels

MinLaw sanctions four law firms, lawyer linked to 2023 money laundering case

Investigations have been completed for 11 of the 24 firms under scrutiny.

The Ministry of Law (MinLaw) is taking action against four law firms and one lawyer for their involvement in property transactions linked to a major money laundering case uncovered in August 2023.

The Director of Legal Services (DLS), supported by MinLaw, is conducting enquiries into the law practices.

So far, investigations into 11 of 24 firms have been completed.

Two firms have been fined $30,000 and $100,000; a third firm may face a $70,000 penalty, pending a final decision after it submits its response; and a fourth firm received a private reprimand.

Meanwhile, one lawyer has been referred to the Law Society of Singapore for possible disciplinary action.

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Ministry of Law

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