In Singapore, two former relationship managers, Wang Qiming and Liu Kai, have been charged in connection with the country’s largest money laundering scandal, involving SGD3bn (USD2.3bn). Wang, previously with Citibank, and Liu, from Julius Baer, are accused of facilitating illicit fund movements for individuals from China involved in online gambling and other offences. Wang allegedly conspired to launder money and forge documents to deceive banks, while Liu is accused of using a forged document to open an account. Both have significant experience in the financial sector and were noted for attracting wealthy Chinese clients. The charges highlight potential lapses in banks’ customer and employee vetting processes amidst competitive wealth management practices in Asia.