Such outfits can share information, coordinate tracing of funds, freeze scam-tainted bank accounts, she said. Read more at straitstimes.com.
SINGAPORE – Anti-scam outfits should be established in the different countries to fight transnational scam syndicates and recover proceeds that have been transferred across borders.
“If, however, every country has the equivalent of an anti-scam command outfit, whereby prompt intervention efforts can be taken to quickly trace the flow of incoming scam proceeds, and swiftly freeze the bank accounts of the scammers, then our collective efforts to recovering the scam proceeds will be greatly enhanced,” she said, adding that SingaporeMs Sun said such outfits can work with their foreign counterparts by sharing information, coordinating cross-border tracing of funds and freezing...
“By freezing these bank accounts, we are depriving the scammers of the opportunity to utilise these scam proceeds to launder them, to have them circulated in the system, to continue for them to multiply their operations,” she added.
Such collaborations in the past between SPF and overseas law enforcement agencies resulted in the takedown of six job scam syndicates, three government officials impersonation scam syndicates, two phishing scam syndicates and two Internet love scam syndicates.
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