Man accepts 'fast cash' offer of $2,400 to let someone else control his Singpass, gets 8 months' jail
A man accepted an offer of “fast cash” of $2,400 in exchange for allowing an unknown person to control his Singpass account and ended up in jail.
His Singpass identity was used to open two bank accounts that received more than $337,000, of which at least $114,000 was derived from 21 scam victims in Singapore.
He was sentenced to eight months’ imprisonment and a sum of $2,400 was forfeited to the State to disgorge the unlawful gain made from the illegal arrangement.
He is one of at least 59 men and 15 women, aged between 18 and 59, who were charged in court between Sept 9 and Nov 1 for new offences connected to scams-related money mule activities,
These new offences were introduced with the amendments to the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 and the Computer Misuse Act 1993 and came into force on Feb 8.
The amendments empower the police to act more effectively against those who abuse or allow others to abuse their bank accounts and Singpass credentials.
In another case, the offender received 1,000 ringgit (S$300) for sharing the internet banking account details and One-Time-Password of the offender’s personal bank account with another person without taking reasonable steps to ascertain the purpose of this person being able to access the bank account.
The bank account was used to launder more than $160,000 of benefits of criminal conduct.
The offender was sentenced to six months’ imprisonment and a fine of $306 to disgorge the unlawful gain made from the illegal arrangement.
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