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