According to a police media release, a 26-year-old man was arrested for his suspected involvement in money laundering linking to a series of sex scams.
The police were alerted after multiple reports were filed by multiple victims. The victims were scammed into making payment after engaging in an online advertisement that offered sexual service with a woman. The scammers went missing in action after the payment was made.
After investigations, the police managed to identify the man who assisted the scammers with their money transfer. He was arrested on 10 Jun 2020 for his involvement in assisting the scammers in their operations.
The man had allowed his bank account to be used by overseas scammers to receive funds before transferring the money out of Singapore.
Investigations are ongoing.
According to the law, anyone convicted for money laundering will face a maximum punishment of 10 years imprisonment and/or fined up to $500,000.