SINGAPORE: An Indian national was sentenced to 10 months' jail after he submitted false information to open a bank account in Singapore to carry out money laundering activities, the police said in a news release on Wednesday .
He recruited locals who were willing to be appointed as directors of newly incorporated companies and to open bank accounts in the companies’ name, the police said.“Grecils understood that V2P Solutions is in the business of selling shell companies and their corporate bank accounts, which are often used to facilitate money laundering activities,” the police added.
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