Prime Minister Lawrence Wong has defended Singapore’s stance on combating money laundering amid a series of high-profile cases in the county.At the Bloomberg New Economy Forum Gala Dinner on Wednesday (Nov 19), PM Wong was questioned if Singapore’s «big push to lure» wealthy foreigners might unintentionally attract those who seek to park their ill-gotten gains in the country.This comes after 10 foreigners were arrested in 2023 in a $3 billion money laundering probe, and most recently in October this year when the police seized more than $150 million in assets linked to Prince Holding Group and its founder Chen Zhi.The 38-year-old was charged in the United States for allegedly masterminding a massive cryptocurrency scam that involved forced labour camps in Cambodia.«We do have quite a big fly swatter,» said PM Wong at the event in Clifford Pier.He was responding to a question from Bloomberg editor-in-chief John Micklethwait on «how many flies can Singapore tolerate». Read more