SG woman, 63, charged with opening bank accounts that criminals used for laundering scam proceeds

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SINGAPORE: A 63-year-old girl was charged on Thursday (April 28) with conspiring to cheat two banks by opening accounts that criminals behind Internet love scams then tapped.

The bank accounts had been used to launder S$121,000 cheated from three victims, the police mentioned on Friday.

The accused is alleged to have aided unknown people in gaining unauthorised entry to the banks’ pc methods by giving them login particulars of the accounts, in addition to an automatic teller machine (ATM) card.

She can also be accused of offering a service of receiving cash in her bank accounts to switch to a different.

The police mentioned the three victims had fallen in love with folks they met on-line by way of social media platforms Facebook and Instagram.

At the behest of their “lovers”, they transferred S$121,000 to them.

“Some money was transferred purportedly to help ease cash flow problems. Money was also transferred on the pretext of paying for fees needed to release parcels sent by their online lovers,” mentioned the police.

Investigations discovered that the accused had befriended unknown people on Facebook in 2019.

The criminals requested her assist to obtain funds in Singapore for their companies.

The accused opened two bank accounts and, in doing so, deceived the banks into pondering she was the only real consumer.

She additionally mailed an ATM card to an deal with in Malaysia and offered the banking credentials to her on-line “friends”.

The police mentioned to keep away from involvement in cash laundering actions, the general public ought to all the time reject requests to share the usage of their banking services to obtain and switch funds.

They mustn’t disclose Singpass login particulars, which could be misused for illegal transactions.

For conspiring to cheat a bank into opening an account, an offender could be jailed for as much as three years and fined.

The offence of aiding others to safe unauthorised entry to a bank’s pc system carries a most penalty of a two-year jail time period and a S$5,000 superb.

For offering a cost service in Singapore with out a licence, an offender could be jailed for as much as three years and fined as much as S$125,000. – The Straits Times (Singapore)/Asia News Network



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