Night Club Operator Sentenced to Jail and Penalties for GST Evasion and Money Laundering

SINGAPORE: Soon Kok Khoon (“Soon”), the operator of Club Posh Entertainment LLP (“CPE”) and West Palace Entertainment (“WPE”) (collectively, the “Clubs”), has been sentenced by the Court to six months and 34 weeks imprisonment and ordered to pay penalties totalling $630,861, after being convicted of offences involving Goods and Services Tax (GST) evasion and money-laundering.…

Forging Stamp Certificates

Former Assistant to Property Agent Sentenced to 35 Weeks’ Jail for Forging Stamp Certificates and Giving False Statements to IRAS

SINGAPORE: Chuang Kuan Leong (“Chuang”), a 48-year-old former assistant to a property agent, has been found guilty of counterfeiting stamp certificates on tenancy agreements relating to multiple properties between Apr and Nov 2016. Chuang was convicted of 19 charges for counterfeiting stamp certificates that led to $4,464 of stamp duties being evaded, of which, he…

GST Evasion

Former Managing Director Sentenced to 64 weeks’ Jail and to Pay More than $1 million in Penalty for GST Evasion and Wrongful Issue of Tax Invoice

SINGAPORE: Ang Wilson (“Ang”), 34, a former managing director of Fabriglass Construction Pte Ltd (“Fabriglass”) which was in the business of supplying glass and aluminium to the construction industry, has been sentenced by the Court to 64 weeks of imprisonment and ordered to pay a total of $1,005,073 in fine and penalties after being found guilty of committing the following tax…

Company failed to perform enhanced measures to mitigate money laundering, terrorism financing risks

SINGAPORE: A company had its registration cancelled by the Accounting and Corporate Regulatory Authority (ACRA) after it failed to take enhanced measures to mitigate money laundering and terrorism financing risks when incorporating companies. SGCN Link and its sole director and shareholder Lew Chian Hwa had their registration cancelled by ACRA with effect from Jan 29,…

Available Special UEN: February 2020

Available Special UEN (Updated: Feb 2020)   What is a Unique Entity Number (UEN)? A Unique Entity Number (UEN) is an identification number provided to every business entity in Singapore, upon successful incorporation with the Accounting and Corporate Regulatory Authority (ACRA). This UEN is issued free-of-charge by ACRA.   What is a Special UEN (SUN)?…