Category: White Collar Crime

What Is Insider Trading in Singapore? Insider trading happens when someone uses confidential, non-public information about a company to buy or sell stocks for their own benefit. This usually involves someone within the company—like a director, CFO, or company secretary—who takes advantage of privileged knowledge. But it’s not just company insiders who can be held…

What is Money Laundering? Money laundering involves hiding the origins of money gained through illegal means, allowing “dirty” money to enter the financial system as if it were legitimate. This can be done through businesses, luxury goods, or real estate. Although often associated with organised crime, ordinary people may unknowingly become involved, for instance, by…

In 2023, Singapore climbed to 5th place on Transparency International’s Corruption Perceptions Index, becoming the only Asian country in the top 10 for least corruption. This achievement is largely credited to Singapore’s strong anti-corruption framework, especially the Prevention of Corruption Act (PCA). History and Purpose of the PCA The PCA evolved from the Prevention of…

Criminal Breach of Trust occurs when someone entrusted with property or money misuses it dishonestly. This includes actions like misappropriating funds, using the property for personal gain, or violating terms of a contract or law related to the property. A classic example is the City Harvest Church case, where leaders misused over $50 million of…

Though death and taxes are often cited as life’s only certainties, some individuals in Singapore still attempt to evade taxes—either deliberately or unknowingly. This summary outlines what qualifies as tax evasion, how it differs from tax avoidance, and the consequences of such actions. What Is Tax Evasion? Tax evasion in Singapore occurs when someone intentionally…