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Though there are no reported cases on the matter, Singapore, with its well‐developed financial centre, is the target of money launderers just like any other major city in the world. To deal with the problem, the Singapore government passed the Drug Trafficking (Confiscation of Benefits) Act in 1993. This Act was recently amended by the Drug Trafficking (Confiscation of Benefits) Amendment Bill which came into effect on 6th July, 1999.
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2000
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