Singapore seizes assets worth RMB 2.7 billion from Crown Prince Group

The Singapore Police Force announced that from November last year to January this year, three Singaporeans suspected of being involved in the money laundering case of the Crown Prince Group have been arrested, and an arrest warrant has been issued for Singaporean woman Chen Xiuling. As of now, the total value of Singaporean assets seized or prohibited from disposal related to this case exceeds SGD 500 million (approximately RMB 2.7 billion). Analysis indicates that Singapore's digital financial environment is well-developed, and fraud has escalated into crimes supported by artificial intelligence and blockchain technology.