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Profiling customers can well unmask money launderers

FOR the past 10 years, Mr Tan's company had been the dream customer of every property agent. His company bought and sold properties worth millions of dollars in Singapore and overseas. But the joy of the property agents soon turned to dismay when Mr Tan was convicted of money-laundering offences through the sale and purchase of his company's properties.

A money launderer does not identify himself. He could be the person standing next to you on the MRT, or queuing up in front of you to buy coffee....

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