Ex-Citi Banker Jailed Longest in Singapore Laundering Case (2)

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.

Wang is the first banker to be sentenced in the case, which has raised questions about the risks of ...