All posts tagged "Singapore Police Force"
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160AML / KYCSingapore Woman Admits to Receiving Criminal Proceeds
On instructions from a man she met online, a secretary of a law firm opened bank accounts that were used to receive funds stolen from a Botswana bank.
October 11, 2021 -
309AML / KYCSingapore Authorities Warn of SMS Diversion Attacks
Malicious actors gained access to the systems of overseas telecom operators to divert SMS OTPs and authenticate fraudulent card transactions.
September 16, 2021 -
176AML / KYCSingapore Court Jails Key Members of SkillsFuture Scam
A husband and wife were jailed for 17 and 14 years respectively after pleading guilty to cheating, forgery and money laundering offences.
August 18, 2021 -
158Enforcement
Singapore: Three Individuals Charged for Insider Trading
The former CFO of SGX-listed Broadway Industrial Group communicated insider information to two other individuals.
July 23, 2021 -
319AML / KYCSingapore Man Admits to Laundering Money in SkillsFuture Scam
A former Grab and Uber driver has admitted to playing the role of a "dummy director" of several shell companies involved in the SkillsFuture scam.
July 20, 2021 -
141AML / KYCMAS, ABS Working to Improve Safeguards Against Scams – Reports
A task force has been set up to help Singapore's financial industry improve safeguards against scams and fraudulent transactions.
July 15, 2021 -
317Enforcement
SG Police Issue Cheating Charges in Nickel Trading Fraud Case
With the latest charges, Ng Yu Zhi now faces a total of 18 counts of cheating, fraudulent trading and forgery. He will return to court on 28 June.
May 18, 2021 -
771AML / KYCData Analytics Becoming Embedded at Singapore FIs
The increased use of data analytics and digital processes has led to increased AML/CFT effectiveness, according to Assistant Managing Director Ms Loo Siew Yee.
May 3, 2021 -
230AML / KYC
SG Police Probe 31 Individuals for China Official Impersonation Scams
Victims were instructed to surrender money for fake investigations after being told their bank accounts were involved in money laundering activities.
April 20, 2021 -
351AML / KYC
Singapore Court Charges Five Over Shell Company Activity
Between 2016 and 2019, eight police reports were filed by victims who were deceived into wiring around $1.7mn into the bank accounts of Singapore-registered shell companies.
April 13, 2021
