Singapore passes law to allow courts to sell seized assets linked to criminal activities

The sale of seized assets -- such as those linked to money laundering -- is now allowed in Singapore, even without consent from the parties involved. This, after a bill was passed to allow the court to order such sales, if it deems the property's value is likely to depreciate or if there's undue costs incurred in maintaining the property. While supporting the bill, MPs from both sides of the House raised several concerns. The Home Affairs Ministry previously said about $650,000 had been spent on maintaining the assets seized from the country's largest money laundering case.