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Proposed law to allow courts to order sale of seized properties linked to criminal activities

02:55 Min

Singapore courts may soon be able to order the sale of seized properties linked to suspected criminal activities -- without the need for consent from all involved parties. It's under a proposed law introduced in parliament today, which also seeks to make it easier to prosecute money laundering offences. The new bill will also remove the need for prosecutors to show a direct link between criminal conduct and laundered funds. Instead, proving that the money launderer knew he was dealing with criminal proceeds will suffice. Parliament will next debate this bill in a second reading. 

Singapore courts may soon be able to order the sale of seized properties linked to suspected criminal activities -- without the need for consent from all involved parties. It's under a proposed law introduced in parliament today, which also seeks to make it easier to prosecute money laundering offences. The new bill will also remove the need for prosecutors to show a direct link between criminal conduct and laundered funds. Instead, proving that the money launderer knew he was dealing with criminal proceeds will suffice. Parliament will next debate this bill in a second reading. 

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