01 Jan 2021
A two-week police operation conducted from Dec 19 has resulted in the arrest of 230 people for their role in different scams in which victims lost more than S$2.9 million.
The 388 ruses involved social media impersonation, Internet love scams, cheats using fake gambling and loan platforms as well as e-commerce fraudulent deals.
Some of the suspects were also picked up for being money mules.
Police said on Thursday (Dec 31) that the Commercial Affairs Department-led operation, which also involved seven land divisions, led to the arrest of 151 men and 79 women. The youngest suspect is 16 and the oldest, 66 years old.
They are being investigated for the offence of cheating or money laundering.
Cheating carries a prison term of up to 10 years and a fine. Convicted money launderers face jail of up to 10 years, as well as a fine of up to $500,000.
Read more at The Star
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