Singpass misused to register companies and create bank accounts for scammers, 3 men arrested

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Another 15 men and seven women are also assisting with investigations

Three men, aged between 20 and 50, were arrested for their suspected involvement in perpetrating scams, said police.

Since March 2023, the police observed that Singpass credentials were misused to open corporate bank accounts online. During the two-day island-wide operation, officers from the Commercial Affairs Department and seven Land Divisions arrested three individuals and hauled up 22 others for investigations.

Source: News Formal (newsformal.com)

 

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