Between the 14th and 27th of January 2022, officers from the Commercial Affairs Department and the seven Police Land Divisions undertook a two-week operation against scammers and money mules.
A total of 170 males and 89 women, aged 16 to 80, are now part of investigations for their alleged involvement in frauds as money mules or scammers.
564 cases
The suspects are suspected of being involved in over 564 cases of scams, primarily Internet love scams, e-commerce scams, bank-related phishing scams, tech support scams, China/Government Officials impersonation scams, social media impersonation scams, investment scams, job scams, and loan scams.
The victims lost over SGD$5.9 million.
Penalties
Cheating is punishable by up to ten years in jail and a fine
oney laundering is punishable by up to ten years in jail, a fine of up to $500,000, or both
Carrying on a company to provide any sort of payment service in Singapore without a licence is punishable by a fine of up to $125,000, imprisonment for up to three years, or both
For more information on scams, members of the public can visit www.scamalert.sg or call the Anti-Scam Hotline at 1800-722-6688. Anyone with information on such scams may call the Police Hotline at 1800-255-0000 or submit information online at www.police.gov.sg/iwitness.
All information will be kept strictly confidential.