Latest news with #MinLaw
Singapore Law Watch
10 hours ago
- Business
- Singapore Law Watch
ADV: 1-Week Study Visit to Shanghai for Singapore Lawyers
ADV: 1-Week Study Visit to Shanghai for Singapore Lawyers Source: MinLaw Article Date: 31 Jul 2025 The Ministry of Law, with the support of the Shanghai Bar Association, will be organising a one-week study visit to Shanghai from 20 to 24 October 2025 for up to 20 Singapore partners, under the Singapore-Shanghai Lawyers Exchange Programme. Registration closes 18 August 2025. The Ministry of Law is organising a one-week study visit to Shanghai from 20 to 24 October 2025, as part of the Singapore-Shanghai Lawyers Exchange Programme. Participants can look forward to a curated programme featuring meetings with the Shanghai Bar Association and key institutions, visits to leading law firms and enterprises, and networking sessions with Chinese legal and business professionals. This is a unique opportunity to gain in-depth insights into China's dynamic legal and business landscape, broaden your professional horizons, and connect with leading experts in Shanghai. Only 20 Singapore lawyers will be selected. To be considered, complete and submit the registration form here by 18 August 2025! Print
Business Times
3 days ago
- Business
- Business Times
New board appointments announced for Singapore Land Authority; Yeoh Oon Jin steps down
[SINGAPORE] The Ministry of Law (MinLaw) on Monday (Jul 28) announced the latest board appointment changes at the Singapore Land Authority (SLA). Former executive chairman of PwC Singapore Yeoh Oon Jin will be stepping down as chairman of the SLA board on Jul 31. In his role, Yeoh pushed for the adaptive reuse of state properties for more social and community uses. This included the rejuvenation of heritage buildings into vibrant community and lifestyle clusters, such as the former St Andrew's Mission Hospital. He served on the board since Aug 1, 2016. He played a key role in developing the Digital Conveyancing Portal, which aims to transform the current manual, paper-based conveyancing process into an efficient, streamlined digitalised process. It is expected to be fully completed in 2026. Under Yeoh's guidance, SLA was elected co-chair of the United Nations Committee of Experts on Global Geospatial Information Management, and implemented a refreshed National Geospatial Masterplan to drive a geo-enabled Singapore. His replacement is Loh Lik Peng, founder and director of Unlisted Collection, who will be appointed as chairman on Aug 1. Loh has been on the SLA board since Aug 1, 2017, and was appointed as deputy chairman on Aug 1, 2020. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up He is also currently the chairman of Shatec Institutes, the Singapore Arts School, Singapore Cruise Centre and National Museum of Singapore. Loh is a board member of the National Heritage Board. Jerry Koh, managing partner at Singapore law firm Allen and Gledhill, will be appointed as deputy chairman of the SLA board on Aug 1. He has been a member of the board since Aug 1, 2020. Additionally, two new members will be appointed to the SLA board for a term of two years. They are Boo Junfeng, director and writer at Peanut Pictures, and Rafiq Bin Mohamad, founder and creative and branding director at Feral. Meanwhile, the six board members who will be reappointed for a term of two years are: Jaelle Ang, chief executive and co-founder of The Great Room; Angelene Chan, executive chairman of DP Architects; Cheung Pui Yuen, chief risk officer of Deloitte South-east Asia; Chong Siak Ching, former chief executive of National Gallery Singapore; Lien Choong Luen, general manager of Gojek Singapore; and Melvyn Yeo, founder and managing partner of Trirec. Angeline Poh, chief customer and corporate development officer at Mediacorp, will complete her current term of office on Jul 31 and will not be reappointed as an SLA board member. Existing SLA board members such as Calvin Phua, chief executive of SLA; Colin Chow, deputy secretary (policy) at the Ministry of Law; and Kenny Tan, deputy secretary (workforce) at the Ministry of Manpower will continue serving on the board.
Singapore Law Watch
16-07-2025
- Business
- Singapore Law Watch
$3b money laundering case: MinLaw acts against 4 law firms and 1 lawyer over seized properties
$3b money laundering case: MinLaw acts against 4 law firms and 1 lawyer over seized properties Source: Straits Times Article Date: 16 Jul 2025 Author: Samuel Devaraj The Director of Legal Services, a department under MinLaw, conducted investigations into 24 law practices, and 11 of the probes have been concluded. The Ministry of Law (MinLaw) has taken four law firms and one lawyer to task for anti-money laundering breaches over the purchase of properties in the $3 billion money laundering case, with one of the practices receiving the maximum penalty of $100,000. In a press release on July 15, MinLaw said it is supporting the Director of Legal Services (DLS) in conducting inquiries into the law practices that were involved in the conveyancing of the real estate seized in an anti-money laundering operation in August 2023. It said the DLS conducted investigations into 24 law practices that were involved, and 11 of the probes have been concluded. The DLS heads the Legal Services Regulatory Authority, which is a department under MinLaw that oversees the regulation of all law practice entities and the registration of foreign lawyers in Singapore. The DLS has ordered two law practices to pay financial penalties of $30,000 and $100,000 respectively. A third law practice was issued a statutory notice of the intention to order it to pay a financial penalty of $70,000. A final decision will be made after receiving and considering the firm's written representations, if any, MinLaw said. The ministry added that the DLS privately reprimanded a fourth law practice, and also referred one lawyer to the Law Society of Singapore for disciplinary action. MinLaw did not name the four law practices and the lawyer that have received enforcement action in its press release. The Straits Times has contacted the ministry for more information. The DLS has decided it will not be necessary to take further regulatory action against seven other law practices. Said MinLaw: 'The DLS is considering the inquiry findings for the remaining 13 law practices, and whether any lawyers concerned should be referred to the Law Society of Singapore for disciplinary action.' Among its roles, the Law Society maintains the standards of conduct of the legal profession in Singapore. MinLaw added that a law practice that breaches its anti-money laundering obligations can face regulatory control action against its licence. In response to queries from ST, a MinLaw spokesperson said law practices found to have breached their anti-money laundering obligations under the Legal Profession Act may be given a warning, ordered to pay a penalty of up to $100,000, or have their law practice licence suspended or revoked. A lawyer who breaches his or her anti-money laundering obligations can face disciplinary proceedings, which could result in monetary penalties, suspension from legal practice or disbarment. Singapore's largest case of money laundering involving $3 billion in cash and assets saw 10 foreigners arrested in multiple islandwide raids here on Aug 15, 2023. The nine men and one woman, who were originally from Fujian, China, were jailed, deported and barred from re-entering Singapore. MinLaw noted that all law practices and lawyers are subject to anti-money laundering obligations under the Legal Profession Act. These obligations include analysing money laundering risks relating to each client and performing customer due diligence measures that are commensurate with the client's risk profile. A law practice or lawyer also must file a suspicious transaction report (STR) with the police if they suspect the client may be engaged in money laundering, MinLaw noted. It added that if a law practice or lawyer decides to continue to act for the client despite these suspicions, it should substantiate and document the reasons for the decision. It must also adopt enhanced customer due diligence and monitoring measures. MinLaw said law practices must also have internal anti-money laundering policies, procedures and controls that fulfil the regulatory requirements and are sufficiently robust. The ministry said it issued a guidance note to the legal industry on June 23 to highlight the responsibilities of law practices and lawyers under their statutory anti-money laundering obligations. The note covered areas including analysing client risk, identifying material red flags, establishing a client's source of wealth and the timeline for filing an STR. MinLaw said that while Singapore has a comprehensive anti-money laundering regime, the landscape is constantly changing as new money laundering risks and methods emerge. It added: 'Everyone has a role in ensuring that Singapore's anti-money laundering systems continue to be robust, from the law enforcement agencies, to the service providers such as the financial institutions and law practices, to the general public.' The law firms and lawyer were the latest to be dealt with in relation to the $3 billion money laundering case. On July 4, the Monetary Authority of Singapore (MAS) said nine financial institutions were given $27.45 million in composition penalties, and action was taken against 18 staff. MAS said the financial institutions did not adequately check on customers' sources of wealth, even though there were discrepancies in the documents they had provided. Eight of the nine institutions did not adequately investigate suspicious transactions flagged by their own systems. For the staff, breaches included failure to detect or adequately assess multiple deficiencies during the onboarding of higher-risk customers. Source: The Straits Times © SPH Media Limited. Permission required for reproduction. Print
AsiaOne
15-07-2025
- Business
- AsiaOne
$3b money laundering case: MinLaw acts against 4 law firms and 1 lawyer over seized properties , Singapore News
SINGAPORE — The Ministry of Law (MinLaw) has taken four law firms and one lawyer to task for anti-money laundering breaches over the purchase of properties in the $3 billion money laundering case, with one of the practices receiving the maximum penalty. In a press release on July 15, MinLaw said it is supporting the Director of Legal Services (DLS) in conducting inquiries into the law practices that were involved in the conveyancing of the real estate seized in an anti-money laundering operation in August 2023. It said the DLS conducted investigations into 24 law practices that were involved, and 11 of the probes have been concluded. The DLS heads the Legal Services Regulatory Authority, which is a department under MinLaw that oversees the regulation of all law practice entities and the registration of foreign lawyers in Singapore. The DLS has ordered two law practices to pay financial penalties of $30,000 and $100,000 respectively. A third law practice was issued a statutory notice of the intention to order it to pay a financial penalty of $70,000. A final decision will be made after receiving and considering the firm's written representations, if any, MinLaw said. The ministry added that the DLS privately reprimanded a fourth law practice, and also referred one lawyer to the Law Society of Singapore for disciplinary action. MinLaw did not name the four law practices and the lawyer that have received enforcement action in its press release. The Straits Times has contacted the ministry for more information. The DLS has decided it will not be necessary to take further regulatory action against seven other law practices. Said MinLaw: "The DLS is considering the inquiry findings for the remaining 13 law practices, and whether any lawyers concerned should be referred to the Law Society of Singapore for disciplinary action." Among its roles, the Law Society maintains the standards of conduct of the legal profession in Singapore. MinLaw added that a law practice that breaches its anti-money laundering obligations can face regulatory control action against its licence. In response to queries from The Straits Times, a MinLaw spokesperson said law practices found to have breached their anti-money laundering obligations under the Legal Profession Act may be given a warning, ordered to pay a penalty of up to $100,000, or have their law practice licence suspended or revoked. A lawyer who breaches his or her anti-money laundering obligations can face disciplinary proceedings, which could result in monetary penalties, suspension from legal practice or disbarment. Singapore's largest case of money laundering involving $3 billion in cash and assets saw 10 foreigners arrested in multiple islandwide raids here on Aug 15, 2023. The nine men and one woman, who were originally from Fujian, China, were jailed, deported and barred from re-entering Singapore. MinLaw noted that all law practices and lawyers are subject to anti-money laundering obligations under the Legal Profession Act. These obligations include analysing money laundering risks relating to each client and performing customer due diligence measures that are commensurate with the client's risk profile. A law practice or lawyer also must file a suspicious transaction report (STR) with the police if they suspect the client may be engaged in money laundering, MinLaw noted. It added that if a law practice or lawyer decides to continue to act for the client despite these suspicions, it should substantiate and document the reasons for the decision. It must also adopt enhanced customer due diligence and monitoring measures. MinLaw said law practices must also have internal anti-money laundering policies, procedures and controls that fulfil the regulatory requirements and are sufficiently robust. The ministry said it issued a guidance note to the legal industry on June 23 to highlight the responsibilities of law practices and lawyers under their statutory anti-money laundering obligations. The note covered areas including analysing client risk, identifying material red flags, establishing a client's source of wealth and the timeline for filing an STR. MinLaw said that while Singapore has a comprehensive anti-money laundering regime, the landscape is constantly changing as new money laundering risks and methods emerge. It added: "Everyone has a role in ensuring that Singapore's anti-money laundering systems continue to be robust, from the law enforcement agencies, to the service providers such as the financial institutions and law practices, to the general public." The law firms and lawyer were the latest to be dealt with in relation to the $3 billion money laundering case. On July 4, the Monetary Authority of Singapore (MAS) said nine financial institutions were given $27.45 million in composition penalties, and action was taken against 18 staff. MAS said the financial institutions did not adequately check on customers' sources of wealth, even though there were discrepancies in the documents they had provided. Eight of the nine institutions did not adequately investigate suspicious transactions flagged by their own systems. For the staff, breaches included failure to detect or adequately assess multiple deficiencies during the onboarding of higher-risk customers. [[nid:719802]] This article was first published in The Straits Times . Permission required for reproduction.
Straits Times
15-07-2025
- Politics
- Straits Times
Syrian Druze leader urges local fighters to confront incoming government troops
SWEIDA - A leading Druze spiritual leader accused the Syrian leadership in Damascus of bombarding the southern city of Sweida despite having reached an agreement to quell violence, and he called on fighters to confront Syrian troops entering the city. The video statement by influential Druze Sheikh Hikmat al-Hajri on Tuesday poses a challenge for the government of President Ahmed al-Sharaa, whose forces toppled former leader Bashar al-Assad last December and is seeking to bring all of Syrian territory under centralised rule after nearly 14 years of war that had left the country divided into separate enclaves. For months, Druze leaders said they did not trust the new Syrian government and pushed back against the presence of their troops, saying they would secure Sweida with their own local fighters. Neighbouring Israel also conducted strikes on Syrian troops in Sweida and near Damascus with the stated aim of protecting the Druze minority, which is an offshoot of Islam with adherents in Syria, Lebanon and Israel. But earlier this week, a new round of heavy fighting broke out between Druze armed groups and Bedouin fighters in Sweida province, leaving dozens dead and thousands displaced. Syria's defence and interior ministries dispatched units to quell the fighting and exert control over the province. The Druze spiritual leadership said in a written statement on Tuesday morning that it would allow Syrian forces to enter Sweida city to stop the bloodshed, calling on armed groups to surrender their weapons and cooperate with incoming troops. 'TOTAL WAR OF EXTERMINATION' Top stories Swipe. Select. Stay informed. Singapore $3b money laundering case: MinLaw acts against 4 law firms and 1 lawyer over seized properties Singapore Man charged with attempted murder of woman at Kallang Wave Mall Singapore Ex-cleaner jailed over safety lapses linked to guard's death near 1-Altitude rooftop bar Singapore Real estate firm PropNex donates $6 million to Community Chest for 25th anniversary Singapore Sengkang-Punggol LRT gets 15.8 per cent capacity boost with new trains Singapore Air India crash: SIA, Scoot find no issues with Boeing 787 fuel switches after precautionary checks Singapore $230,000 in fines issued after MOM checks safety at over 500 workplaces from April to June Multimedia From local to global: What made top news in Singapore over the last 180 years? But hours later, al-Hajri, who has been strongly opposed to the new leadership in Damascus, said the statement had been "imposed" on them by Damascus and that Syrian troops had breached the arrangement by continuing to fire on residents. "We are being subject to a total war of extermination," he said in a recorded video statement, calling on all Druze "to confront this barbaric campaign with all means available". Convoys of Syrian army tanks, trucks and motorcycles entered parts of Sweida city by mid-morning and were continuing to fire on neighbourhoods there, a Reuters reporter in Sweida said. The reporter said Israeli warplanes could be seen flying above the city, but there were no immediate reports of strikes. On Monday, Israel's military said it had carried out several strikes on tanks approaching Sweida "to prevent their arrival to the area" because they could pose a threat to Israel. Israel said earlier this year that it would not allow Syria's new army to deploy south of Damascus and that Sweida and neighbouring provinces should make up a demilitarized zone. But some of those tensions had calmed after Israel and Syria began direct talks to prevent conflict in the border region between the two longtime foes. REUTERS
