The participating financial institutions are DBS Bank, HSBC Bank, OCBC Bank, Standard Chartered Bank, and UOB Bank. They worked with law enforcement, utilising Robotic Process Automation (RPA) technology to identify victims of job, investment, fake friend call, and e-commerce scams.
Tag: Scams
Singapore: 305 people involved in scams worth SGD 12.8 million under SPF investigation
Stating the nature of the scams, the SPF said they were mainly investment scams, e-commerce scams, job scams, friend impersonation scams, fake buyer scam, and internet love scams.
Singapore: ASC, banks join hands to disrupt over 2,000 scams, prevent SGD 90 million loss
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.
Singapore Police issue alert on scam calls from impostor ‘officers’; victims lost SGD 73,000
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.
UK officials visit Singapore to learn practices to tackle scams
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.
SPF conducts nation-wide operation, investigate 309 scammers and money mules
The suspects are believed to be involved in more than 1,600 cases of scams, comprising mainly investment scams, internet love scams, job scams, friend impersonation scams, and e-commerce scams, where victims reportedly lost over SGD 9 million.
Singapore Police net 45 suspects in e-commerce fraud, mostly Taylor Swift concert ticket scams
The Singapore Police Force said that e-commerce scams involving concert tickets had claimed at least 1,241 victims since January 2024. The majority of the cases involved Taylor Swift concert tickets.
Operation by Anti-Scam Centre and banks helps over 11,000 people avoid losses of SGD 56 million
SPF’s Anti-Scam Centre collaborated with four partnering banks and deployed technology in a joint operation to identify job, fake friend call and e-commerce scam victims.
