Following a $1.8 billion money laundering scandal last month, Singapore-based banks have increased scrutiny towards clients of Chinese origin with foreign passports. Several financial institutions are re-evaluating new account applications and transactions related to these clients. Banks involved in the scandal include Credit Suisse, Julius Baer Group Ltd., Citigroup Inc., Oversea-Chinese Banking Corp., and United Overseas Bank Ltd. The Monetary Authority of Singapore is in discussions with these institutions regarding the potentially contaminated funds.