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.
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New Singapore law allows police to freeze bank access to stop scams
SINGAPORE: Singapore’s new law, which enables the police to better protect individuals targeted by ongoing scams, will come into effect on Tuesday (July 1), according to the Ministry of Home Affairs (MHA). © New Straits Times Press (M) Bhd
·Malaysia
Read Full ArticleSingapore to enforce new anti-scam law on Tuesday (July 1 ); move protect individuals targeted by scammers
Singapore's new law, which enables the police to better protect individuals targeted by ongoing scams, will come into effect on Tuesday (July 1), according to the Ministry of Home Affairs (MHA).
·Malaysia
Read Full ArticleSingapore enforces tough new law allowing Police to freeze bank accounts in suspected scam cases
Singapore has enacted a powerful new anti-scam law that grants police sweeping authority to freeze bank accounts and block financial transactions if they suspect an individual is being scammed mdash;even without the account holder rsquo;s consent .
·Accra, Ghana
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Leaning Left0Leaning Right4Center2Last UpdatedBias Distribution67% Right
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R 67%
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