SINGAPORE – A man allegedly opened an account with money transfer firm Wise Asia Pacific to conduct “overseas remittance”.
The account later allegedly received around £1.4 million (S$2.4 million) from overseas Wise accounts, and the amount included at least £75,050 in crime proceeds transferred by two victims of an impersonation scam in Germany.
On Dec 4, Sean Koh Chao Lun, 34, who is accused of failing to establish the source of these funds, was charged with carrying on a business of providing money transfer services without a licence.
At the time of the alleged offence, he was the sole director of a local company called Day Brand.
