Singapore is now infamous for the biggest disclosed money laundry case involving something like $3 billion. Is this big money? Yes, but actually a trickle compares to those that were not disclosed and still going on inside big international banks. Not caught, not disclosed, means did not exist even when it is happening under the nose of the govts of these big banks. The culprits involved in the Singapore case were just unfortunate to have been caught.
The big banks are the major players in money laundering, making huge profits that only casinos can make, are laughing all the way, in their own banks. And mind you, despite the prevalence and widespread money laundering, don't even believe that Singapore is the only case and it is safe elsewhere, many cases are still operating all over the world. Singapore's case is only the tip of the iceberg.
Singapore is also a great place for laundering of another kind. Many so called fake talents, with fake degrees and resumes, came to Singapore to launder their degrees, qualifications and experience to turn them into legitimate credentials. All they need to do is to enrol into a tertiary institutions with their fake degrees or qualifications, get a Singapore degree, and viola, all is fine and real. The Singapore degree is definitely real and all the fake degrees can be discarded.
Another way is to get employed in a Singapore company or organisation, worked for a few years, and if undetected, the Singapore working experience would be the gold plating needed to enhance the resume and be respected and accepted all over the world without question. It is like from fake talents to real talents.
Singapore is such a wonderful multipurpose laundry machine. And everything is quite easily done as the process to discovering and uncovering a fake is near impossible when resources are limited and a lack of will to do the necessary. Caveat, Singapore is not a willing accomplice. Just a convenient location and machine to turn fake talents into real talents.