Money Laundering Statistics from Singapore in 2013

The agency responsible for anti-money laundering campaigns in Singapore reported an increase in cases during 2013. According to the Commercial Affairs Department, the agency received 22,417 suspicious transaction reports during the 2013 year, and increase of 25 percent from the previous year. In 341 instances, the agency provided intelligence to foreign agencies, up from the… Continue reading Money Laundering Statistics from Singapore in 2013

Examples of the Size of Illegal Gambling on the World Cup

Two cases of illegal gambling syndicates in Asia highlight the amount of money being wagered on the 2014 World Cup. Police in Macau broke up a ring that took in $645 Million during the opening matches. 22 people were arrested by police in China, Hong Kong and Malaysia. The syndicate was operating out of three… Continue reading Examples of the Size of Illegal Gambling on the World Cup

Ecstasy for Sale in Malaysia and Singapore Price

In a media report in Asia, drug abusers from Singapore stated that they regularly travel to Malaysia in order to obtain drugs such as ecstasy and to party in Malaysian clubs. According to one Singaporean who was at a club in Malaysia, the price for one ecstasy pill cost $2.38 (3 Singaporean Dollars). By comparison,… Continue reading Ecstasy for Sale in Malaysia and Singapore Price

Online Piracy By Singaporeans

According to a survey, around 60 percent of the population in Singapore committed online piracy at some point in their lives. Breakdown of the piracy rate by age: 16 to 18 years old: 69 percent committed online piracy such as downloading unauthorized content. 19 to 24 years old: 74 percent. 50 to 59 years old:… Continue reading Online Piracy By Singaporeans

Tobacco Tax Losses in Singapore

A study by the International Tax and Investment Centre and Oxford Economics found that 900 million cigarettes were bought on the black market in Singapore. The amount of tax revenue lost to the government was estimated to be around $276 Million (347 Million Singaporean Dollars). Based on the total amount of cigarettes smoked in Singapore,… Continue reading Tobacco Tax Losses in Singapore

Online Prostitution Rates Charged in Singapore

An online prostitution syndicate that was broken up by police was found to have been charging customers $111 to $119 (140 to 150 Singaporean Dollars) for a 90 minuet session. The syndicate recruited women from Thailand and operated an apartment in Singapore. If the pimps paid for the woman’s travel to Singapore, then the woman’s… Continue reading Online Prostitution Rates Charged in Singapore

Human Trafficking of Minors in Singapore

Four men were sentenced to 3 months in jail for having sex with an underage prostitute. According to court records, the men paid between $47 to $55 (60 to 70 Singapore Dollars) to have sex with a girl who was 17 at the time. The group of men are part of a group of 24… Continue reading Human Trafficking of Minors in Singapore

Botnet Traffic Losses in Online Advertising

A report by an online advertising and Internet security firm stated that up to $9.5 Billion in online advertising in 2013 could be wasted by displaying ads to bot traffic. Up to 46 percent of Web-based ad impressions in 2013 could be displayed to suspicious and malicious traffic that is controlled by botnets. 35 percent… Continue reading Botnet Traffic Losses in Online Advertising

Anti-Money Laundering Cases Investigated in Singapore

Between 2010 to 2012, financial crimes investigators and regulators fined 22 financial institutions for lax anti-money laundering policies and efforts to combat terrorism financing. The Monetary Authority of Singapore conducted 108 on-site inspections of financial firms and issued 47 warnings and reprimands. 13 money changers and remittance agents were not allowed to renew their licenses… Continue reading Anti-Money Laundering Cases Investigated in Singapore

Number of Fines for Illegal Fishing in Singapore in 2012

125 fishermen in Singapore was fined in 2012 for illegal fishing activities across the country. 91 people were fined for fishing in non-fishing designated areas, and 34 people were fined for using live bait. Fishing with live bait is not allowed in Singapore due to safety and environmental concerns. The National Water Agency stated that… Continue reading Number of Fines for Illegal Fishing in Singapore in 2012