Several held passports from Cambodia, Vanuatu, Cyprus, and Dominica in the US$1.8 billion laundering scandal.
The case involves at least 10 local and international banks, casting doubt on their system to tackle ill-gotten wealth.
Other lenders in the city-state have started to evaluate whether to take fresh funds from clients with similar profiles on a case-by-case basis, said the people. The process is taking longer and more questions are being asked, the people added. Some of the suspects speak only Chinese but carry many travel documents including from Cambodia, Vanuatu, Cyprus and Dominica.
Citigroup Inc, Oversea-Chinese Banking Corp and United Overseas Bank Ltd, where some of the individuals held funds or were creditors to firms related to them, said the banks work with the authorities and are committed to fight against money laundering.
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