According to police, the bank account was used to facilitate some high-value transactions between December 20th and 27th last year. They added that more than S $ 4 million passed through bank accounts.

The man will be prosecuted in court on Tuesday for entering an arrangement to help others retain their profits from criminal activity.

If convicted, he may be sentenced to up to 10 years in prison, a fine of up to S $ 500,000, or both.

At least 13 people were arrested in connection with OCBC Bank phishing scams, and hundreds of victims lost a total of S $ 13.7 million last year. Some people have also been charged with helping others to retain their benefits from criminal activity.

Earlier this year, banks provided fraudulent prey victims with online banking login credentials and one-time PINs on phishing websites to allow fraudsters to hijack bank accounts and conduct fraudulent transactions. I said that I did.

He added that about 80 percent of that amount was lost during the holidays at the end of the year.

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