Those bank accounts were used as a channel to receive scam proceeds.
The operation, which was meant to target money mules, was conducted by the bank and officers from the Anti-Scam Centre from May to August.
The police said they observed an increase in suspicious activity in local bank accounts opened by foreigners. During the joint operation, the police and OCBC staff were able to identify and freeze more than 300 bank accounts that displayed suspicious transactions and activities.
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