Singapore police seized a S$55 million luxury home allegedly bought with proceeds from smuggling Nvidia AI chips. CEO Wei Zhaolun faces money laundering charges for using S$38 million in illicit earnings. Four individuals and two companies are charged in connection with the illegal trade.
UK police arrested over 300 people, including 57 migrants, in a five-day operation targeting illegal trade and organised immigration crime. Over £1m cash and £700,000 worth of illegal goods were seized.
Bali police arrested a 67-year-old man, KS, on June 10 for suspected illegal turtle trading. The live animals were seized on the Pegametan coast after residents reported suspicious activity. The suspect allegedly received the protected turtles from Madura for distribution.
A report by the Finance Innovation Lab charity estimates that over £325bn of illicit money flows through the UK annually, equivalent to 10% of GDP. The figure rises to £788bn when including UK overseas territories. The report urges government action to tackle economic crime and calls for a pause on plans to make London a crypto hub.
EU states have approved new rules requiring microchips for dogs and cats to curb illegal trade and improve animal welfare. The rules include multi-year transition periods for pet owners and stricter regulations for breeders and traders.
