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More Singaporeans succumbing to money mule temptation
Number of cases spikes to 133, involving $15.5m, in first 9 months - up from 93 involving $24.6m in whole of 2012
Add BT as a preferred sourcePublished Fri, Nov 22, 2013 · 10:00 PM
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Singapore
THERE has been a spike in the number of Singaporeans acting as money mules, that is, individuals who let their bank accounts be used to receive ill-gotten funds.
The police have received a number of reports in which overseas banks have asked for their customers' funds to be recalled on the grounds that the remittances were fraudulent. And it is a matter of urgency for these overseas banks, because most of these funds are moved out of Singapore on the same day.
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