The Singapore Police Force announced that it arrested three Singaporeans suspected of money laundering related to the Prince Group between November last year and January this year, and has issued an arrest warrant for another Singaporean woman, Chen Xiuling. To date, the total value of Singaporean assets seized or prohibited from disposal in connection with this case exceeds S$500 million (approximately RMB 2.7 billion). Analysis indicates that Singapore, with its highly developed digital financial environment and large high-net-worth population, is also a breeding ground for fraud. Locally, fraud has evolved into crimes supported by artificial intelligence and blockchain, resulting in total losses exceeding S$1.1 billion in 2024. (Jiemian News)