The difficulty lies in proving their intent to facilitate scams. Read more at straitstimes.com.
SINGAPORE - The police have arrested a “large number” of money mules for facilitating scams, but many of them are let off the hook and cannot be prosecuted.
In a written reply to Parliament on Tuesday, Mr Shanmugam said: “In short, the issue is not with the penalties in our current laws, but our laws need to be enhanced to make it easier to make out money laundering offences in such scam cases.” Money mules who knowingly give up control of or sell their bank accounts or SingPass login details for the purposes of scams and money laundering activities will be investigated by the police, he said.
In the second case, a man who was prosecuted under the CMA was jailed for four weeks for selling his internet banking details, which were later used in a love scam.For example, a person convicted of an offence under the CMA may be jailed for up to three years and fined up to $10,000. He said: “Money mules facilitate the perpetration of scams. To fight scams more effectively, we need to prevent and deter individuals from acting as money mules.”
This included one Sazali Karim, 36, who was charged on Tuesday with two counts of selling his SingPass account, which was allegedly then used by scam syndicates to create new bank accounts.
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