SINGAPORE — These days it is all too common to see news stories about people getting caught for letting money launderers or other criminals use their Singpass accounts illegally.
SINGAPORE — It took mere seconds. I opened up my Telegram app and after running a quick search of a few choice keywords, I was in a channel filled with advertisements offering me up to S$7,000 in exchange for my Singpass login details.There was none, they assured me. I kept pressing them: Isn't this illegal?
For a long time, I wondered why or how anyone would hand over their Singpass accounts to criminals, especially as it is something so personal and linked to so many services that we use in daily life. Not going to lie, it sounded like very easy money. But obviously there is a big catch — this is highly illegal and the authorities are turning up the heat on people who sell their Singpass or bank accounts to criminals.
They also reassured me that my Singpass would be"returned" to me after they had received the banks' approval for new accounts, and so I could still use my Singpass account for my own purposes afterwards.THE BUYERS SAID I COULD EASILY EVADE THE LAW... Others told me that I could tell the police my account got hacked when I had clicked on phishing links, or that I did not know how I “kena scammed” .
In short, the amendments target people who sell their bank accounts or Singpass login details to shady characters and later claim that they do not know these accounts would be used for criminal acts. One operator said that I would be untraceable as they could send me a new phone number and email address to use in my Singpass account after they were done opening bank accounts with my original information.
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