The Police have arrested a 38-year-old man for his suspected involvement in multiple money laundering cases committed between April and May 2017.
Between April and May 2017, five victims of various online scams were fraudulently induced to transfer monies, amounting to S$36,000, to various bank accounts under the instructions of the man. The man then moved the monies out of Singapore, after collecting them from the bank account owners.
Through extensive enquiries, officers from Central Police Division established the identity of the suspect and arrested him at the Woodlands Checkpoint on 22 May 2017. Preliminary investigations revealed that the man had acted as a money mule by facilitating the receipts of monies from suspicious sources under the instructions of his friend in Malaysia.
The suspect will be charged in Court on 13 September 2017 with five counts of dishonest receipt of stolen property under Section 411 of the Penal Code, Chapter 224, which is punishable with an imprisonment term which may extend to 5 years, or with fine, or with both, and five counts of removing benefits of criminal conduct from the jurisdiction under Section 47(1)(b) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, Chapter 65A, which is punishable with a fine not exceeding $500,000 or to imprisonment for a term not exceeding 10 years or to both.
SINGAPORE POLICE FORCE
12 September 2017 @ 4:50 PM