The suspected scammers or money mules are believed to be involved in more than 1,100 cases of scams.SINGAPORE – The police are investigating 339 people for their suspected involvement in scams in which victims lost more than $10 million.
The suspects are being investigated for the alleged offences of cheating, money laundering or providing payment services without a licence.The offence of money laundering carries a jail term of up to 10 years, a fine of up to $500,000, or both. According to annual figures released by the police in February, the number of scam cases in Singapore hit a record high in 2023.
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Police investigating 339 suspects in scam cases where victims lost over $10mThe suspected scammers or money mules are believed to be involved in more than 1,100 cases.
Source: straits_times - 🏆 5. / 69 Read more »
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Source: The Straits Times - 🏆 8. / 63 Read more »
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Source: straits_times - 🏆 5. / 69 Read more »