Woman pleads guilty to operating unlicensed payment service

tnp.sg

A woman, Zin Nwe Nyunt, 58, pleaded guilty in court to operating an unlicensed payment service in Singapore. She admitted to having no knowledge of the origins of over $711 million transferred to her firm's bank accounts. Zin and her associate, Nyan Win, received substantial commissions from these transactions. Nyan Win had previously pleaded guilty to similar charges and will be sentenced later this month. The case emerged in August 2021 after police investigated suspicious transactions linked to an Australian investment scam. Zin and Nyan Win did not verify the legitimacy of the funds received through their company, Unione.


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Woman pleads guilty to operating unlicensed payment service | News Minimalist