The Police have arrested two men and a woman, aged between 20 and 30, for their suspected involvement in perpetrating various scams such as job scams, China Officials Impersonation Scam (COIS), investment scams, Internet love scams, money laundering and facilitating unauthorised access to computer material.
The three persons are alleged to have sold or rented their bank accounts to criminal syndicates for up to $2,500 per bank account. Two of them are believed to have cheated banks into opening bank accounts before handing over the ATM cards and iBanking PINs to criminal syndicates. One person is alleged to have sold his SingPass credentials for $700 to criminal syndicates to create new bank accounts.
The three persons will be charged in court on 29 March 2023. The offence of cheating under Section 417 of the Penal Code carries an imprisonment term of up to three years and a fine. The offence of money laundering under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act carries an imprisonment term not exceeding 10 years, a fine not exceeding $500,000, or both. The offence of facilitating unauthorised access to computer material carries an imprisonment term not exceeding two years, a fine, or both.
The Police take a serious view of persons who may be involved in scams and frauds, and perpetrators will be dealt with in accordance with the law.
SINGAPORE POLICE FORCE
28 March 2023 @ 9:05 PM