Ex-Citi Banker Jailed Longest in Singapore Laundering Case

Wang Qiming arrives at the State Courts in Singapore on Oct. 23.Photographer: Ore Huiying/Bloomberg

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By Low De Wei and Rthvika Suvarna

October 22, 2025 at 10:30 PM UTC

Updated on

October 23, 2025 at 9:57 AM UTC

A former wealth banker at Citigroup Inc. got the longest sentence in Singapore’s biggest money laundering case for his role in aiding the movement of illicit funds and obstructing justice.

Wang Qiming, a former relationship manager at Citibank Singapore, was sentenced to two years in prison after he pleaded guilty to four out of 10 charges on Thursday. That’s a harsher jail term than the punishments meted out to the 10 convicted money launderers in the S$3 billion ($2.3 billion) scandal.