Singapore Seizes $2.2 B in Luxury Goods for Money‑Laundering Auction

Singapore police have moved $2.2 billion worth of illicit cash into the spotlight, seizing a trove of handbags, jewels and watches that are now on display inside a fortified storage facility for an upcoming auction. The case underscores the city‑state’s aggressive stance against high‑value money‑laundering operations.