Singapore will strengthen efforts to combat money mule activities, as they are the primary method used by overseas scammers to launder and transfer illicit gains out of the country. Minister of State for Home Affairs and Social and Family Development Sun Xueling emphasized the seriousness of the issue and pledged to take stringent measures against those involved.
Efforts to detect money mule activities will also be ramped up, as they are the main way overseas scammers launder and transfer gains out of Singapore, says Minister of State for Home Affairs and Social and Family Development Sun Xueling.
The Singapore Police Force will share more information with banks on known mule accounts, to improve their fraud analytics and enable them to uncover other mule accounts, she said. “Let me be clear. This is a crime and there is an imprisonment term for passing on your SIM cards or bank accounts to facilitate scams. Claiming ignorance does not get you off the hook,” said Ms Sun.
SCAM MONEY MULE SINGAPORE LAW ENFORCEMENT CYBER CRIME
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