SINGAPORE — A man assisted in the incorporation of a firm here, which turned out to be a shell company that was set up as a conduit to launder criminal proceeds through Singapore.

For failing to exercise reasonable diligence in the discharge of his duties as a director of a company, Beh Chuen Leng was on Monday (Aug 24) fined the maximum amount of S$5,000 under Section 157(1) of the Companies Act and disqualified from being a director for one year.