The Singapore Police Force has arrested three Singaporeans and issued an arrest warrant for another in connection with a money laundering case linked to the Taizi Group. The investigation, which began between November last year and January this year, has led to the seizure or freezing of assets worth over S$500 million (approximately RMB 2.7 billion). Singapore's advanced digital financial landscape and affluent population have made it a target for sophisticated fraud schemes, including those utilizing AI and blockchain, contributing to losses exceeding S$1.1 billion in 2024.