“We have responded to all foreign requests for information and have requested information from relevant counterparts to aid in our investigations,” the report said, quoting the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS).

The report said both CAD and MAS issued a joint statement on Monday evening in response to 1Malaysia Development Bhd (1MDB) related queries.

“Singapore does not tolerate the use of its financial system as a refuge or conduit for illicit funds.

“Since the middle of last year, CAD and MAS have been actively investigating possible money laundering and other offences carried out in Singapore.

“In connection with these investigations, we have sought and are continuing to seek information from several financial institutions, are interviewing various individuals, and have seized a large number of bank accounts,” the statement was quoted as saying.

– BERNAMA