SINGAPORE — Singapore has passed legislation giving police unprecedented powers to take control of a person's bank account if there is proof that the individual is being scammed.
SINGAPORE — Singapore has passed legislation giving police unprecedented powers to take control of a person's bank account if there is proof that the individual is being scammed.The law, passed on Tuesday, is believed to be the first of its kind in the world.
Sun specifically cited examples of elderly or lovelorn victims, noting the case of a 64-year-old woman who was duped into parting with SG$400,000 by a supposed lover.Existing safeguards were inadequate, she said, as 'self-effected transfers' accounted for 86 percent of all scam reports and 94 percent of losses from January to September last year.'I am not aware of other countries having similar legislation,' political analyst Eugene Tan told Agence France-Presse on Wednesday.
Law Gives Police Power Over Bank Accounts
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