Singapore: Thirteen persons suspected of being involved in two cross-border fraud syndicates were arrested during a joint operation conducted by the Singapore Police Force (SPF) and the Royal Malaysian Police (RMP).
The syndicate was involved in money laundering activities and was “neutralized” as a result of its arrest, the SPF said in a news release on Tuesday (August 16).
Nine of the arrests were made after raids conducted in Malaysia by officials from the SPF’s Commercial Department and the RMP’s Commercial Criminal Investigation Department.
The other four arrests were made simultaneously by officials from Singapore’s Ministry of Commerce.
According to the SPF, since July of this year, the two police departments have shared key information based on their findings on reported fraud cases.
Through close cooperation and joint investigations, the syndicate believed behind the money laundering cell was identified based in Kuala Lumpur and Johor.
Loss of more than S$1.3 million
On August 10, officers from both sides simultaneously attacked two housing complexes in Kuala Lumpur and Johor.
Two Malaysian women and seven Malaysian men between the ages of 19 and 39 have been arrested on suspicion of being involved in cross-border money laundering.
The fraud syndicate is linked to reports in Singapore of more than 60 victims of investment fraud, job fraud, fake gambling platform fraud, sexual services fraud, sextortion, government official impersonation fraud and loan fraud. SPF said it believed there was. Losses totaled him over S$1.3 million.
“Preliminary investigations have revealed that two syndicates targeted victims in Singapore, Malaysia, Thailand and Indonesia and are believed to have laundered criminal proceeds in Malaysia,” the SPF said. rice field.
In Singapore, officials from the Ministry of Commerce’s Anti-Scum Command accused two men and two women aged between 18 and 49 in a money laundering syndicate by either giving away their personal bank accounts or abandoning their Singpass accounts. was arrested on suspicion of involvement in aiding
Another 24 people are assisting police in the investigation, the SPF said, adding that an investigation into the Singapore suspect was ongoing.