A 68-year-old man will be charged in court on 18 November 2021 for his suspected involvement in money laundering in relation to internet love scams.
The man was alleged to have entered into an arrangement with the victims, whereby he would facilitate the receipt of money into a company bank account and transfer part of that money to bank accounts in Malaysia. Investigations by the Police had revealed that monies amounting to about $60,000, believed to be the proceeds of internet love scams, were paid into the company bank account.
The man will be charged for an offence of assisting another to retain benefits from criminal conduct under Section 44(1) of the Corruption, Drug Trafficking and Other Serious Offences (Confiscation of Benefits) Act (“CDSA”). Anyone found guilty of assisting another to retain benefits from criminal conduct under CDSA faces up to 10 years' imprisonment, a fine of up to $500,000, or both.
The Police take a serious stance against any person involved in laundering proceeds of crime, and offenders will be dealt with in accordance with the law. To avoid being an accomplice to crimes, members of the public should reject requests from others to use your bank account(s) as you may be held accountable if they are used in criminal activity.
For more information on scam, members of the public can visit www.scamalert.sg or call the Anti-Scam Hotline at 1800-722-6688. Anyone with information on such scams may call the Police Hotline at 1800-255-0000 or submit information online at www.police.gov.sg/iwitness. All information will be kept strictly confidential.
SINGAPORE POLICE FORCE
17 November 2021 @ 5:00 PM