Singapore Seizes $150 Million in Major International Money Laundering Raid

In a significant enforcement action against a transnational criminal network, law enforcement authorities in Singapore have seized and frozen assets with an estimated value of over one hundred and fifty million dollars. The operation, which took place on October 30, 2025, targeted an individual named Chen Zhi and his associates, who are linked to serious offences including money laundering and forgery.

According to official statements, the individuals at the center of this investigation are currently not within Singapore. The case has its origins in financial intelligence received by the police in 2024 from the Suspicious Transaction Reporting Office. This initial information prompted local investigations. Given that the alleged criminal activities were being conducted overseas, Singaporean authorities engaged with their international counterparts to gather information and seek assistance.

The investigation advanced significantly following public announcements made by authorities in the United States and the United Kingdom on October 14, 2025. Utilizing this new information, the police collaborated with member agencies of the Anti-Money Laundering Case Coordination and Collaboration Network. This multi-agency coordination culminated in the island-wide enforcement operation on October 30.

The scale of the seized assets is substantial. As part of the operation, prohibition of disposal orders were issued against six properties and a wide array of financial assets. These included numerous bank accounts, securities accounts, and cash. The total estimated value of these seized and frozen assets exceeds one hundred and fifty million dollars. Additionally, other high-value items were subjected to the same orders, including a yacht, eleven cars, and a collection of liquor.

The Director of the Commercial Affairs Department, Mr. David Chew, emphasized the commitment to upholding the integrity of Singapore's financial system. He described the case as involving a complex and large-scale transnational fraud network that exploits digital and financial infrastructures across multiple countries. He stated that the scope of the offences demands close international cooperation, as witnesses, exhibits, and assets are located in several jurisdictions. He affirmed that they will continue to work with foreign law enforcement and domestic partners to combat such organized crime groups. Police investigations into the matter are ongoing.

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