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Singapore
Tuesday, December 6, 2022
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312 PEOPLE INVESTIGATED, OVER $7.1M LOSS IN SCAMS

Between August 28 and September 9, 2021, officers from the Commercial Affairs Department and seven Police Land Divisions undertook a two-week operation. A total of 218 men and 94 women, ranging in age from 16 to 71, are presently cooperating with investigations into their possible involvement in schemes as scammers or money mules.

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The suspects are suspected of being involved in over 873 scam cases, including Internet love scams, e-commerce scams, China officials impersonation scams, government officials impersonation scams, tech support scams, investment scams, job scams, and loan scams, in which victims have lost over $7.1 million.

Cheating, money laundering, and offering payment services without a license are among the charges being probed against the accused.

Cheating is a criminal offence punishable by up to ten years in jail and a fine under Section 420 of the Penal Code. Money laundering is punishable by a maximum sentence of ten years in jail, a fine of $500,000, or both under the Corruption, Drug Trafficking, and Other Serious Crimes (Confiscation of Benefits) Act.

Carrying on a business of offering any form of payment service in Singapore without a license is punishable by a fine of up to $125,000, imprisonment for up to three years, or both under Section 5 of the Payment Services Act 2019.

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Learn more about scams from the Police

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.

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