Singapore police are probing 49 individuals for allegedly facilitating money laundering linked to cryptocurrency. The operation, carried out between May 13 and 30, led to the arrest of 35 men and 14 women aged 18 to 58.
The suspects reportedly sold access to cryptocurrency accounts for cash, contacted via apps like Telegram and WhatsApp, and shared personal information necessary for scams.
Authorities warn of serious penalties for aiding money laundering, including imprisonment and hefty fines. Collaboration with digital payments firm StraitsX proved critical in identifying these suspicious activities.
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