(Bloomberg) -- Convicted billionaire Ong Beng Seng will avoid jail in Singapore despite his involvement in a gifting scandal that stunned a city-state known for being one of the world’s least corrupt ...

The Ministry of Law in Singapore has penalized four law firms for breaching the city-state’s anti-money laundering regime, in one of the world's largest money laundering cases. The enforcement action ...

The latest move underscores Singapore’s attempts to repair its reputation and draw a line on a S$3 billion scandal that exposed gaps in the city’s defenses against illicit money. Globally, regulators ...

Singapore’s Ministry of Law has publicly fined six law firms and referred several lawyers for disciplinary action after uncovering breaches linked to the country’s $3 billion money laundering scandal, ...