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12 men, 3 women accused of giving up Singpass, bank accounts for scams causing $8.8m in losses
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Stomp
12 men, 3 women accused of giving up Singpass, bank accounts for scams causing $8.8m in lossesFifteen people, aged between 18 and 35, will be charged in court from Oct 1 to 3 for their suspected involvement in scam-related money mule activities.
The 12 men and three women are believed to be linked to scams such as the government officials impersonation scam (GOIS), bank officer impersonation scam (BOIS), friend impersonation scam (FIS), job scams, e-commerce scams, fake buyer scams and loan scams, which accounted for more than $8.8 million in losses.
Investigations found that the 15 individuals had allegedly sold or handed over their bank accounts and/or Singpass credentials, enabling criminal syndicates to launder money.
Others allegedly disclosed their Singpass credentials unlawfully, allowing syndicates to misuse their identities to open bank accounts.
Unlawful disclosure of Singpass credentials under Section 8A(1) of the Computer Misuse Act 1993 carries up to three years' jail, a fine, or both.