A 41-year-old man will be charged in court on 4 June 2025 for his suspected involvement in offences under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (Cap 65A, 2000 Rev Ed) (“CDSA”) and the Computer Misuse Act (Cap 50A, 2007 Rev Ed) (“Computer Misuse Act”).
In June 2021, the Commercial Affairs Department commenced investigations after receiving information that the man’s bank account had received funds amounting to S$30,208.73 that were reasonably suspected to be derived from a fraud that had been perpetrated against a foreign victim.
Investigations revealed that the man had allegedly entered into an arrangement with an unknown person (“Person X”) to allow the man’s bank account to be used to receive monies. In June 2019, the man’s bank account received S$30,208.73 of suspected criminal proceeds on behalf of Person X, and he was unable to satisfactorily explain how he came by those monies.
Between July 2019 and November 2019, the man also allegedly acted on Person X’s instructions to access, without authority, two bank accounts belonging to separate individuals via internet banking to effect payments totaling S$121,595 from the bank accounts.
Any person convicted of an offence under Section 47AA of the CDSA may be punished with an imprisonment term of up to three years, a fine of up to $150,000, or with both.
Any person convicted of an offence under Section 3(1) of the Computer Misuse Act, may be punished with an imprisonment term of up to two years, a fine of up to $5,000, or both.
The Police take a serious view of money laundering activities and will deal firmly with offenders according to law. Members of the public should reject requests to receive or transfer money for others, as they may be held accountable if these transactions are linked to criminal activities.
SINGAPORE POLICE FORCE
03 June 2025 @ 3:00 PM