Billion-dollar money laundering case: Two former bank employees handed prohibition orders

They are also barred from participating in the management of any financial institution and from acting as a director, partner or manager of any financial institution.

In addition, the pair are prohibited from becoming, or increasing their interest as a substantial shareholder of, any financial institution that is a corporation.

Wang and Liu, both Chinese nationals, were convicted of charges related to a major money-laundering case in August 2023.

Wang, a former Citibank relationship manager, was convicted of four offences, including forgery, money laundering, and obstructing justice, in October 2025. He held S$481,678 (US$377,100) in laundered cash for convicted money launderer Su Baolin.

Six other charges were taken into consideration for sentencing.

Wang was sentenced to two years’ jail.