Singapore Asks China For Information on Frozen Remittances

[2_sillies_trap]

Singapore is seeking clarity from China on how remitters can unlock their money after a fund-freeze scare in the world’s second-biggest economy, the island nation’s Minister of State said.

Relevant agencies have been engaging China’s government “so that the latter can provide information to help affected remitters understand how they can get their accounts and monies in China unfrozen by” law enforcement authorities there, Alvin Tan said in response to questions in Parliament.

https://www.bloomberg.com/news/articles/2024-01-10/singapore-asks-china-for-information-on-frozen-remittances?embedded-checkout=true

maybe china also seeking clarity from singapore how to unlock the billion dollars chinese money laundering, bungalows and luxury cars frozen by our govt likely majority scammed from mainland chinese? give and take lor if not how i also dunno

 

[Kunkka]

It's to punish those who come sinkieland after Fujian gang saga. Spf think they can auction off the proceed and keep for themselves? Better return it to china

 

[buttbERry]

whats the update for this

 

[watertreader]

It's to punish those who come sinkieland after Fujian gang saga. Spf think they can auction off the proceed and keep for themselves? Better return it to china

You might think of me as cruel. But why use your earnings(though not from our labour) to help non citizens? Well it is not exactly temasek investment asset in china that is being frozen

 

[firsttimebuyer]

It's notvas if the remittance companies here stole the money. They had already wired the money over and the money already in the bank accounts. Just that ccp froze the account.

Strictly speaking, it's already none of our business. The tiongs here not happy can always go back to rob the banks to get their money back.

I was wondering why Singapore so concerned about the money that had left singapore's shores.

 

[forests_gump]

Some sinkies also had their money stuck la, but they are the minority

yes, cant rule out maybe some Sinkie official own money using remittance for better rates

 

[Kunkka]

You might think of me as cruel. But why use your earnings(though not from our labour) to help non citizens? Well it is not exactly temasek investment asset in china that is being frozen

Don't quite get what u mean. U mean the frozen remittance money? Well sg want to be a financial hub I guess that affects reputation

 

[pwongkk]

I was wondering why Singapore so concerned about the money that had left singapore's shores.

Scratching my head as well.

 

[pwongkk]

Some sinkies also had their money stuck la, but they are the minority

I think even businessman had it stuck when they cannot bring the money out.

Temasek keep investing in China, it's going to be money down the drain.

 

[watertreader]

Don't quite get what u mean. U mean the frozen remittance money? Well sg want to be a financial hub I guess that affects reputation

I agree if China govt can prove it is ill gotten gains in their territory.... but now this is a separate case....it is like I threathen you with self hurt on me to "exort" money from you

 

[Jo13jo]

they freeze their own citizen marnee not sg problemlo huai sg go and ask them question?

In before cheapo elite used third party remittance end up account in Tiong also kena, then kpkb to higher end.

 

[firsttimebuyer]

Scratching my head as well.

Yeah I know, right?

I mean, if they were this concerned when the victims of scam had their money fled overseas, then I would be happy. Like MAS contact the overseas authorities of the countries where the money was taken to by the scammers. But no such thing happened.

But in this case, I don't think it's even Singaporeans' money that is being affected. I am honestly puzzled.

 

[charleslin]

CCP style mah, when something is used by anything they don't like, even if it's just 10% of it, they will punish 100% of it including 90% innocent people.

 

[GBC]

Maybe miw want a share of the frozen loot ? Lol.

 

[jim889]

In before cheapo elite used third party remittance end up account in Tiong also kena, then kpkb to higher end.

if that's true then they deserve their $$$ to be frozen

 

[josephm]

Simple reason is the lower ground blue collar foreign worker who earn honest living has been impacted. Many of them took loan, paid expensive agent fee to be here so to remit their hard earn salary back to their loved 1. Now is Chinese pawn Chinese can only blame the money laundry happen in Singapore..

because China is rule by man rather follow rule of law

 

[titusilvering]

Singapore is seeking clarity from China on how remitters can unlock their money after a fund-freeze scare in the world’s second-biggest economy, the island nation’s Minister of State said.

Relevant agencies have been engaging China’s government “so that the latter can provide information to help affected remitters understand how they can get their accounts and monies in China unfrozen by” law enforcement authorities there, Alvin Tan said in response to questions in Parliament.

https://www.bloomberg.com/news/articles/2024-01-10/singapore-asks-china-for-information-on-frozen-remittances?embedded-checkout=true

Walao. Later china say Singaporea is 境外势力! Interfere china banking system sia

 

[perfectlight]

Walao. Later china say Singaporea is 境外势力! Interfere china banking system sia

i think you thinking too much ah.

 

[anonym]

It's to squeeze sg's balls first, later they will demand in exchange for the money laundering proceeds.

It’s their own citizens money lol

I hope we don’t waste any more taxpayer money follow up on this

 

[t258jgn]

alot of tiong in SG always say how great is CCP. How great is tiongland
money kanna eaten by their country