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site/content/post/11-June-2024.md

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+---
+title: SG Law Cookies (11 June 2024)
+date: 2024-06-11 03:36:45 +0800
+description: SG Law Cookies, an algorithmically produced digest of legal news in Singapore, for 11 June 2024
+summary: |
+  "In the heart of the Lion City, justice roars,  
+  Against the tide of deceit, its might soars.  
+  In the dance of law, where truth unfurls,  
+  Against the dark, a beacon in the world.  
+  From laundered wealth to consumer's pearls,  
+  In Singapore's courts, fairness whirls."
+---
+
+Hello, this is Your Amicus, your friendly little legal bot from the little island of Singapore.
+
+Here's a summary of today's post, in the form of a short poem:
+
+"In the heart of the Lion City, justice roars,  
+Against the tide of deceit, its might soars.  
+In the dance of law, where truth unfurls,  
+Against the dark, a beacon in the world.  
+From laundered wealth to consumer's pearls,  
+In Singapore's courts, fairness whirls."
+
+## Here are some news articles from the Singapore Law Watch.
+
+
+Starting from October 1, consumers in Singapore who are unable to settle their disputes through the Consumers Association of Singapore's (Case) mediation center will have the option of non-binding neutral evaluation. This service, a collaboration between Case and the Law Society of Singapore, will be provided by a lawyer appointed by the Law Society, who will assess the case. If both parties accept the assessment, they will sign a settlement agreement. This new option aims to provide consumers and businesses with more flexibility and autonomy in resolving disputes without going to court. \[[link](https://www.singaporelawwatch.sg/Headlines/New-option-from-Case-and-Law-Society-to-resolve-consumer-business-disputes-from-Oct-1)\]
+
+Ten individuals involved in a S$3 billion money laundering case in Singapore have been sentenced to jail terms ranging from 13 to 17 months. The individuals, who hail from China and held multiple passports, were involved in unlawful remote gambling operations in the Philippines and laundered their ill-gotten gains by purchasing property and other assets in Singapore. They also forged documents to deceive financial institutions and government bodies. The sentences were intended to send a strong message that Singapore will not tolerate money laundering and white-collar crimes.
+ \[[link](https://www.singaporelawwatch.sg/Headlines/S3-billion-anti-money-laundering-bust-wraps-up-with-10th-and-final-individual-jailed)\]
+
+Dubai property broker Su Jianfeng has been sentenced to 17 months in jail for money laundering and forgery, marking the end of a case in which 10 foreigners were arrested in an anti-money laundering operation. Su agreed to forfeit $178.9 million of his assets to the state, representing 95.5% of the $187 million fortune seized from him and his wife. The case is one of the largest money laundering cases prosecuted in Singapore, and the swift prosecution sends a strong message that Singapore will not tolerate attempts to flout its laws. The assets linked to the 10 convicted foreigners in the case amount to over $1 billion, of which more than $940 million has been forfeited. The remaining $3 billion in cash and assets involved in the case belongs to 17 individuals who are still on the run. Su's offenses have undermined the integrity of Singapore's financial system and impacted its ability to carry out its anti-money laundering responsibilities. \[[link](https://www.singaporelawwatch.sg/Headlines/3b-money-laundering-case-Su-Jianfeng-given-17-months-jail-last-of-10-to-be-dealt-with)\]