The Banks That Hold Most Money in Singapore Laundering Scandal

In a Singapore courtroom on Friday, the last of those arrested for their involvement in the island nation’s biggest laundering case pleaded guilty, paving the way for the next steps in the S$3 billion ($2.2 billion) scandal.

The city-state must now decide what to do with a fortune in forfeited assets, from luxury properties to collectible ornamental bears and branded handbags. There’s also several hundred million dollars of local and foreign currencies in accounts at some of the world’s top wealth managers. Credit Suisse — now owned by UBS Group AG, and Citigroup Inc. held the largest amounts on ...