The proposed shared responsibility framework is significant as it represents a first venture into compensatory measures to alleviate the hardship suffered by scam victims , says Rajah & Tann’s Jansen Chow. The profits reaped from these deceptive practices have soared into the trillions. Globally, scammers stole about US$1.02 trillion in the past year, according to an October report by non-profit organisation Global Anti-Scam Alliance ( GASA ) and data service provider ScamAdviser.
Singapore holds the unfortunate distinction of having the highest average scam amount per victim, according to the report
Singapore Scam Victims Shared Responsibility Framework Compensatory Measures Scam Profits Trillions Global Anti-Scam Alliance GASA Scamadviser
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