Singapore Police Seize Over $500,000 in Anti-Scam Operation

This month, the Singapore Police Force (SPF), with the help of the Commercial Affairs Department and DBS Bank, launched a five-day anti-scam operation and seized over $500,000 during the operation with the arrest of three suspects aged between 20 and 35 years old.

Based on the information provided by DBS Bank, the police also identified 23 “money mules” suspected of being involved in money laundering activities and asked them to cooperate with the investigation.

These suspects provided their Singpass to criminal syndicates via Telegram or Instagram to earn cash. Some also allowed criminals to use their Singpasses to apply for fake loans, jobs and investment application.

In addition, fraudsters also use other people's information to create shell companies and apply for business bank accounts for money laundering.

The police remind the public to protect their personal information and deny others the use of their Singpass, bank account or phone numbers to avoid becoming an accomplice in crime.