Show the world we act against dirty money

Speech by Mr. Louis Ng Kok Kwang, MP for Nee Soon GRC at the Second Reading of the Developers (Anti-Money Laundering and Terrorism Financing) Bill [Bill no. 45/2018] Introduction Sir, I stand in support of this Bill. Real estate is a popular outlet for illicit funds. Money launderers and terrorism financiers often invest in real estate for the same reasons other people do: the prices are stable; the values generally appreciate over time; and you can live in it or rent it out.....

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Can Developers Really Assess Money-Laundering Risk?

SPEECH BY ER DR LEE BEE WAH, MP FOR NEE SOON GRC, AT THE SECOND READING OF THE DEVELOPERS (ANTI-MONEY LAUNDERING AND TERRORISM FINANCING) BILL IN PARLIAMENT ON 20 NOV 2018 Mr Speaker, Sir The threat of terrorism is increasing on a global scale. The terror threat that Singapore faces is at the highest in years. To keep terrorism at bay, we need a multi-pronged approach. Apart from shoring up our border security, and strengthening social resilience among our citizens,....

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Shared bicycles, freebie bags and CCTVs

Parliamentary Questions from Er Dr Lee Bee Wah, 9-11 July 2018 1. To ask the Minister for Transport (a) what is the notice period required by any shared bicycle operator to give to the LTA when it wants to cease operations; (b) what is the redress for users who have paid deposits for their services; and (c) what assistance can LTA give to these depositors. Answer 2. To ask the Minister for National Development (a) whether he can provide an update on plans for heavy vehicle parking spaces in housing estates;....

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Most Eligible Yishun Houses Upgraded or Upgrading

“During my 32 years of living here, I have witnessed significant transformations. Initially, there was no MRT, few buses and the bus interchange was along the roadside, at Yishun Avenue 5. Now we have an improved transport system and shopping centres. It’s a close-knit community too—I even leave my house keys with my Chinese neighbour when I go out. That’s why my daughter chose to keep living in Yishun even after her marriage. And I guess I’ll stay here till my very last day!” Kamsin Mopit,....

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