Singapore Police Investigates 335 Individuals for Suspected Scams & Money Mules Involving 850 Scam Cases with $12 Million Losses by Victims, Scams Include Impersonations, Investments, Jobs & e-Commerce, 335 Individuals Investigated for Cheating, Money Laundering & Providing Non-Licensed Payment Services
26th May 2025 | Hong Kong
The Singapore Police is investigating 335 individuals for suspected scams & money mules involving more than 850 scam cases with $12 million losses (S$15.4 million) by victims, with the scams including impersonations, investments, jobs & e-commerce scams. The 335 individuals are being investigated for cheating, money laundering & providing non-licensed payment services. Announcement (24/5/25): “Officers from the Commercial Affairs Department and the seven Police Land Divisions conducted a two-week operation between 9 May and 22 May 2025. A total of 119 women and 216 men, aged between 16 and 81, are assisting in investigations for their suspected involvement in scams as scammers or money mules. The persons are believed to be involved in more than 850 cases of scams, comprising mainly friend impersonation scams, investment scams, job scams, e-commerce scams, government official impersonation scams and rental scams, where victims reportedly lost over $15.4 million. The persons are being investigated for the alleged offences of cheating, money laundering or providing payment services without a licence. The offence of cheating under Section 420 of the Penal Code 1871 carries an imprisonment term of up to 10 years and a fine. The offence of money laundering under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 carries an imprisonment term of up to 10 years, a fine of up to $500,000, or both. The offence of carrying on a business to provide any type of payment service in Singapore without a licence under Section 5 of the Payment Services Act 2019 carries a fine of up to $125,000, an imprisonment term of up to three years, or both. The Police take a serious stance against any person who may be involved in scams, and perpetrators will be dealt with in accordance with the law. To avoid being an accomplice to crimes, members of the public should always reject requests by others to use your bank account or mobile lines as you will be held accountable if these are linked to crimes. For more information on scams, members of the public can visit www.scamshield.gov.sg or call the ScamShield Helpline at 1799. Anyone with information on such scams may call the Police Hotline at 1800-255-0000 or submit information online at www.police.gov.sg/i-witness. All information will be kept strictly confidential.”
“ Singapore Police Investigates 335 Individuals for Suspected Scams & Money Mules Involving 850 Scam Cases with $12 Million Losses by Victims, Scams Include Impersonations, Investments, Jobs & e-Commerce, 335 Individuals Investigated for Cheating, Money Laundering & Providing Non-Licensed Payment Services “
Singapore Police Investigates 335 Individuals for Suspected Scams & Money Mules Involving 850 Scam Cases with $12 Million Losses by Victims, Scams Include Impersonations, Investments, Jobs & e-Commerce, 335 Individuals Investigated for Cheating, Money Laundering & Providing Non-Licensed Payment Services
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