14 people arrested during 2-day raid for alleged involvement in scams and money laundering

14 people arrested during 2-day raid for alleged involvement in scams and money laundering

SG Gazette·2018-03-05 17:05

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The police have arrested six men and eight women for suspected involvement in money scams of more than $380,000, according to a statement on Sunday (4 Mar).

The suspects are aged 15 to 67 years old, and were caught during a two-day operation from 28 Feb to 1 Mar.

They are under investigation for cheating or money laundering.

Those found guilty of cheating which could face up to 10 years in jail and a fine under the Penal Code, while those convicted of money laundering could be punished up to 10 years or be find up to $500,000 under the the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act.

The police have advised the public to not share their personal information, which includes their NRIC, bank account numbers, one-time passwords or SMS verification codes with anyone.

For scam-related advice, call the anti-scam helpline at 1800-722-6688.

(Image Credit/s: StepFeed)

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Police Singapore scam Money Money laundering