Don't Just Read the News, Understand It.
Published loading...Updated

New Singapore Law Allows Police to Freeze Bank Access to Stop Scams

  • Singapore's Protection from Scams Act came into effect on July 1, allowing police to freeze bank accounts suspected of scam involvement.
  • The law follows a rise in scam cases to 51,501 in 2024, with victims losing a record $1.1 billion despite previous police limitations.
  • Restriction orders limit affected individuals' bank and credit access for up to 30 days, extendable five times, while allowing essential withdrawals.
  • MHA stated ROs are last resorts after exhausting other efforts, and appeals to the Commissioner of Police have a final decision and do not suspend the order.
  • The law aims to address victims' reluctance to accept scams, as over three in four voluntarily transfer funds despite warnings, making police intervention necessary.
Insights by Ground AI
Does this summary seem wrong?

15 Articles

All
Left
Center
2
Right
4
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 67% of the sources lean Right
67% Right
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

The Straits Times broke the news in Singapore on Monday, June 30, 2025.
Sources are mostly out of (0)