SURGE IN SUCH SCAMS
According to Mr. David Chew, director of SPF’s Professional Affairs Department, syndicates using Singapore SIM cards to mimic lender and law enforcement officers have just experienced a rise in impersonation scams.  ,
According to the authorities, victims of the hoax version may get an unsolicited phone from a scam impersonating a lender officer, usually from DBS, OCBC, UOB or Standard Chartered.  ,
The cheater may remind the sufferer that a credit card had been issued under the , victim’s title or that there were suspicious or fraudulent transactions detected , in the defendant’s bank accounts, before asking the sufferer to ensure these transactions.  ,
When the victim denied being aware of such transactions, the scammer would forward the call to a second scammer who would impersonate an SPF or MAS ( Monetary Authority of Singapore ) official.  ,
The scammers may be making video calls while wearing false badges and SPF or MAS officers against a backdrop of the agency brand.
After the visit, the victim’s conversation with the following scammer would continue using messaging apps like WhatsApp.
In some situations, the scammers use phony official documents or false warrants to give cred to their lies, according to the police.
They do accuse the target of being involved in criminal activities, such as money laundering, and ask them to move funds to” health records” designated by the government to assist in studies.  ,
According to Mr. Chew,” the scam threatens victims to instill fear and force them to carry out banks transfers into Singapore cash mule accounts.”  ,
“SPF will continue to work with the RMP to vigorously objective and defuse these international syndicates that are threatening Singapore victims.”