Massive Singapore Enforcement Operation Uncovers 1,287 Scam Cases Involving $10.3 Million in Losses

The Singapore Police Force (SPF) has announced the results of a major two-week enforcement operation conducted between October 4 and October 17, 2024. Officers from the Commercial Affairs Department and the seven Police Land Divisions have investigated 204 men and 88 women, aged 16 to 78, for their suspected involvement in various scams as scammers or money mules.

The suspects are believed to be connected to over 1,287 scam cases, including job scams, friend impersonation scams, internet love scams, investment scams, e-commerce scams, and fake buyer scams, resulting in victim losses exceeding $10.3 million.

The individuals were under investigation for alleged offences such as cheating, money laundering, or providing payment services without a licence. The offence of cheating carries an imprisonment term of up to 10 years and a fine. Money laundering carries penalties of up to 10 years in prison, a fine of up to $500,000, or both. Operating a payment service business without a licence can result in a fine of up to $125,000, imprisonment for up to three years, or both.

The SPF emphasized its serious stance against scam-involved individuals and reiterated that perpetrators will face the full extent of the law. “To avoid being an accomplice to crimes, members of the public should always reject requests by others to use your bank account or mobile lines as you will be held accountable if these are linked to crimes,” warned the SPF.