Singapore Anti-Fraud Center

 

More than S$200 million in fraud cases in the first half of the year, with more than 5,400 bank accounts frozen

 

Successfully recovered about S$66 million in fraudulent funds

 

The Singapore Anti-Fraud Centre launched a new program called “Project Frontier” in March last year.

 

It utilizes advanced technology to detect unusual fraudulent transactions and notify victims in a timely manner.

 

To date, partnerships have been established with more than 30 financial institutions, and all participating financial institutions and the police share information and work together to combat fraud.

 

 

They have terminated more than 1,200 cell phone lines and deleted more than 430 suspicious accounts and ads suspected of fraud. Almost 7,000 suspected fraudulent WhatsApp accounts were reported.

 

According to the Singapore Act, the crime of cheating is punishable by up to 10 years' imprisonment plus a fine.

 

The money laundering charge carries a maximum of 10 years imprisonment and a fine of up to $500,000

 

A fine of up to $125,000 for the charge of operating any kind of payment service without a license, or up to three years' imprisonment, or both.

 

The public can download ScamShield online at www.scamalert.sg or call the anti-fraud hotline 1800-722-6688 to know about more info of anti-fraud cases.

 

Tips on scam cases can also be provided by calling 1800-255-0000 or going online.

 

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