Police Crackdown on Money Mule Scams in Singapore
In a determined effort to combat money mule scams, Singapore’s police have apprehended 18 individuals and confiscated more than $47,000 in suspected illicit funds during a comprehensive operation conducted across the island last week.
Details of the Arrests
The arrested suspects include 14 men and four women, aged between 16 and 37 years. The arrests occurred between February 11 and February 14, as reported by the police on February 17.
Ongoing Investigations
Additionally, authorities are currently investigating 25 other individuals in connection with these scams.
Legal Consequences
Authorities have indicated that those being questioned are suspected of committing offenses related to cheating, unauthorized access to computer materials, and possible money laundering. Convictions for cheating could lead to imprisonment for up to 10 years and substantial fines. Meanwhile, individuals found guilty of unauthorized computer access may face sentences of up to two years in prison, fines of up to $5,000, or both. Money laundering offenses can result in serious penalties, including a maximum 10-year prison sentence and fines that could reach $500,000.
Public Warnings
In light of these developments, police urge the public to remain vigilant. “To avoid becoming an unwitting accomplice to criminal acts, it is crucial to decline any requests to use your bank account or mobile number for others, as you may be held responsible for any misuse,” officials cautioned.
Resources for the Public
For further information about various scams, individuals are encouraged to visit www.scamshield.gov.sg or reach out to the ScamShield helpline at 1799. Anyone with relevant information is urged to contact the police hotline at 1800-255-0000 or submit tips online at www.police.gov.sg/i-witness. All submissions will be treated with the utmost confidentiality.
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