According to the police, the bank account was after that used to facilitate various high-value transactions among Dec 20 plus 27 last year. A lot more than S$4 million passed through the bank account, they added.
The man will be billed in court upon Tuesday with getting into an arrangement to assist another person to retain benefits from criminal conduct.
If convicted, he could be jailed for about 10 years, fined as much as S$500, 000, or both.
At least 13 individuals have been arrested in relation to the OCBC Bank phishing scams, in which hundreds of victims lost an overall total of S$13. 7 million last year. Several people were also billed with assisting an additional to retain benefits from unlawful conduct.
The bank mentioned earlier this year that sufferers who fell victim to the scam had provided their on the internet banking log-in credentials and one-time PINs to phishing sites, enabling scammers to consider over their bank details and make fraudulent transactions.
Regarding 80 per cent from the amount was dropped over the year-end joyful period, it added.