Singapore Authorities crack down on fund management firm – Capital Asia Investments, exposing major AML failures and alleged links to a global money laundering network, with over S$160M seized

The probe centres on suspected money laundering and failures to comply with anti-money laundering (AML) and regulatory obligations, with regulators identifying serious control weaknesses in the company’s compliance framework. Investigations were triggered by financial intelligence linking the firm and related entities to a transnational money laundering network, with suspected proceeds originating from overseas organised crime, including scams…