Singapore will enhance its anti-money laundering laws, allowing the sale of seized assets before court cases conclude and extending probes to environmental crimes like illegal wildlife trading. Law enforcement can apply to sell depreciating or high-maintenance assets, such as fine art, antiques, investment-grade wine, and exotic animals, before conviction. Prime minister Lawrence Wong announced the national asset recovery strategy at the Financial Action Task Force (FATF) Plenary Meeting. Holding the FATF presidency since July 2022, Singapore aims to improve international cooperation in asset recovery. Interpol data shows recovery rates have risen to 3% this year. Singapore is committed to strengthening its legal frameworks in line with FATF standards to combat money laundering and terrorism financing.