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A man and a woman, both aged 47, will be charged in court on 10 October 2024 for their suspected involvement in facilitating money laundering for a series of rental scams involving scammers impersonating as legitimate property agents.

Preliminary investigations revealed that the duo purportedly withdrew illicit proceeds from rental scams from several compromised bank accounts which did not belong to them. They had allegedly facilitated the laundering of rental scam proceeds by withdrawing the proceeds and redepositing the cash into other bank accounts. Several mobile phones, bank cards and SIM cards were seized as case exhibits. Police investigations into the rental scam cases are ongoing.

For allegedly assisting another to retain benefits from criminal conduct, the offence under Section 51(1)(a) of the Corruption, Drug Trafficking and Other Serious Offences (Confiscation of Benefits) Act carries an imprisonment term of up to 10 years, a fine of up to $500,000, or both.

The Police take a serious stance against any person who may be involved in scams, and perpetrators will be dealt with in accordance with the law. To avoid becoming involved in money laundering activities, members of the public should always reject requests to allow their bank accounts to be used to receive and transfer money for others, including handling bank accounts not belonging to themselves.

Photo of seized exhibits▼