New laws passed to give police more powers to prosecute money mules, those who sell Singpass details to scammers

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New laws passed to give police more powers to prosecute money mules, those who sell Singpass details to scammers
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MPs raised concerns about whether the authorities would go after those who were genuinely tricked into giving up their details, or betrayed by their family and friends.

SINGAPORE: Those who share their Singpass credentials or bank accounts with scammers may be deemed liable if they do not take steps to verify the transactions or arrangements, after parliament passed new laws on Tuesday to crack down on scams.

“Even as we prepare to respond to future threats, I am glad that members agree on the need for these Bills to tackle the pressing issues at hand.” Under the CDSA Bill, a person can be deemed liable for rash money laundering if they proceeded to carry out a transaction while they had some suspicions about the transactions, but did not make further queries about those suspicions.

This prompted several MPs to question whether those who were genuinely tricked into giving up control of their bank accounts or disclosing their Singpass credentials would be held liable. "They should not be used by another person, especially if we do not know who the other party is or what the transactions are for.

Several MPs also raised concerns about how the new laws might implicate those who are less tech-savvy, such as seniors or vulnerable groups. “In such cases, they may seek assistance from others, which puts them at risk if these individuals have malicious intentions,” he added. In response, Mrs Teo said that the police recognise that there are situations where there is a “genuine need” to share credentials for legitimate transactions, and that they will investigate the case comprehensively.

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