SINGAPORE, Nov. 21 -- Singapore's prime minister, Lawrence Wong, has insisted the city state will remain uncompromising in its fight against illicit money flows, following a string of high-profile investigations that have drawn scrutiny of its status as a magnet for global wealth.

Speaking at the Bloomberg New Economy Forum gala dinner on Wednesday, and reported by AsiaOne, Wong rejected suggestions that Singapore's "big push to lure" wealthy foreigners had inadvertently created opportunities for criminals to stash illicit assets in the country.

The question came in the wake of a S$3bn (RM10 billion) money-laundering probe last year, in which 10 foreign nationals were arrested, and a new case in October involving more than S$150 million...