[Singapore Remittance to China] Alert against fraud! Panda Remit helps overseas Chinese to send money back to China
熊猫速汇PandaRemit - 2024-08-30 15:29:40.0 69
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.
Are you still looking for money transfer apps where you don't have to leave your home, don't have to pay high processing fees, and can check the status of your order in real time with a high exchange rate?
Today, we recommend Panda Remit, the online money transfer app that serves millions of Chinese.
Panda Remit advantages
Better exchange rates
Panda Remit is an online money transfer app with no offline costs, offering the highest exchange rates!
Faster remittance speed
There are no cumbersome forms, no long queues in front of the bank, and real-time tracking of the remittance status in the APP. With E-transfer payment, the remittance will arrive at the account in seconds, which really realizes the immediate transfer and use!
More convenient Chinese customer service
Online Chinese customer service, 7 * 24 hours full service, anytime, anywhere communication without obstacles, any link encountered problems, all help you solve!
More legal and compliant remittance methods
Panda Remit is licensed by the MSB of Canada, which strictly abides by the rules of international money transfer business and ensures that every transaction is legal and compliant. With the government's supervision, you can send money safely and securely!
More convenient way to receive money
As a global partner of Alipay, all money transfers made at Panda Remit can be collected via domestic Alipay, and Panda Remit supports more than 500 banks in China, no matter whether they are the big four banks or city banks and rural credit unions around the world.