INSIGHT: The balcony-jumping, toy bear-collecting money launderer's Jersey connection

Monday 24 June 2024

A Jersey financial services firm has defended its due diligence procedures after it emerged it had been involved with a company linked to one of the players in Singapore’s largest ever money laundering case – who tried to avoid police by jumping off a second-storey balcony.

Su Haijin (41), who used a Jersey-registered company to buy property in London’s iconic Oxford Circus shopping district, was one of 10 individuals arrested following a raid by the Singapore Police Force in August 2023 on suspicion of laundering the proceeds of overseas organised crime activities in the country.

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