Ex-Citi Banker Gets Most Jail Time in Singapore Laundering Case

A former wealth banker at Citigroup Inc.got the longest sentence in Singapore’s biggest money laundering case for his role in aiding the movement of illicit funds and obstructing justice.

Wang Qiming, a former relationship manager at Citibank Singapore, was sentenced to 24 months in prison after he pleaded guilty to four out of 10 charges. The prosecutor sought 24 to 30 months imprisonment while Wang’s defense lawyer argued for seven to 11 months.

The prosecutor argued that Wang knew the importance of anti-money laundering procedures but actively forged supporting documents and “flagrantly breached” his duties at the bank. The ...