The Commercial Affairs Department (“CAD”) is a highly specialised and competent elite unit of the Singapore Police Force that reports to the Ministry of Home Affairs. It is the principal white-collar crime investigation agency in Singapore and is tasked with the investigation of financial and commercial crimes. The most complex financial crimes are handled by […]
Corruption is the acceptance or agreement to accept, from any person, any gratification as an inducement or reward for the conferment of a benefit. This gratification, or bribe, can be monetary or non-monetary in nature. For example: Money, gifts, loans, fees, rewards, commissions or other property of any description Any office, employment or contract Any […]
The Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (“CDSA”) is the primary legislation which criminalises laundering of benefits from serious criminal offences by individuals and legal entities in Singapore. It is also the source of the Singapore Police Force’s (which includes the Commercial Affairs Department (“CAD”)) and the Corrupt Practices Investigation […]
Singapore is a well-established international business hub and the Commercial Affairs Department (“CAD”) works to clamp down abuses to our financial ecosystem. The CAD specialises in investigating white-collar crimes, cases involving money laundering, terrorism financing, as well as cyber-enabled scams on social media and e-commerce websites. If the CAD has contacted you to attend an […]
Cryptocurrencies are not legal tender in Singapore. They do not have intrinsic value and are often subject to sharp price swings driven by speculation. Cryptocurrency providers and exchanges in Singapore are regulated by the Monetary Authority of Singapore (“MAS”) and are subject to anti-money laundering and counterterrorist-financing rules. Payment Services Act 2019 Cryptocurrencies are classified […]