ASC and the banks used robotic process automation technology to detect potential victims of scams. These scams were related to jobs, investments, fake friend calls and e-commerce.
In this scam variant, victims encountered advertisements or posts on social media (e.g. Facebook) featuring various heavily discounted goods allegedly offered by NTUC FairPrice.
It has come to light in recent months that many, many people in Singapore have been letting scammers use their Singpass or banking credentials to prey on victims. Huge amounts of money have been lost as a result.
The new scam involves scammers gaining access to WhatsApp accounts through the use of fake “WhatsApp Web” websites.
One of the Indian convicts, a chartered accountant, set up Singapore-incorporated companies whose accounts were used for receiving scam proceeds. The other Indian convict was paid to be listed as a ‘director’ of these companies but without any due diligence responsibilities.
These developments came after weeklong operations against corporate money mules.
According to Police Spokesman SSP Nihal Thalduwa, the CID conducted simultaneous raids in these mentioned areas, leading to the seizure of 135 mobile phones and 57 laptops, reported Sri Lanka’s Daily Star newspaper.
These latest scam videos show Lee Hsien Loong purportedly commenting on international matters.
Victims of such a scam variant could be deceived into disclosing personal details, such as bank account details, personal credentials, SingPass password or a One-Time Password, said the police force.
Singapore has also been actively involved in international platforms to call for greater collaboration in the global fight against scams and fraud. In March 2024, the city-state endorsed a joint communiqué with 10 other countries to signal a high-level commitment to tackle scams at the Global Fraud Summit.
