Police arrest five men aged 22 to 27 for running a money mule scheme that moved over S$76,000 in scam proceeds through more than ten bank accounts.
KEY POINTS
IN SIMPLE TERMS
Five young men were arrested for helping criminals move stolen money through bank accounts. They would ask people for their bank account details, pay them a small fee, and then use those accounts to hide money from scams. Police caught them and found over S$76,000 that had been moved this way.
WHY IT MATTERS
WHERE DO YOU STAND?
Do you think the maximum penalty of two years in jail is enough to deter people from becoming money mules?
👍 👎 Vote ↓Police have cracked down on a group running a money mule scheme, with arrests made, bank accounts tracked, and strong warnings sent out to the public.
In a press release by SPF, five men aged 22 to 27 were arrested for suspected involvement in money mule activities.
These activities include helping others get unauthorised access to computer materials and money laundering.
Money mules are often used to transfer scam proceeds through several bank accounts to hide illegal money.
As quoted in SPF, “The Police have arrested five men, aged 22 to 27, for their suspected involvement in money mule activities, which include facilitating unauthorised access to computer materials and money laundering.”
According to SPF, the first man, aged 23, was arrested on 28 May 2025.
Police say he allegedly asked different people for 10+ bank accounts.
He is said to have paid a commission for each account given up.
The accounts were later used by his partners to receive scam money.
The Central Police Division led ground checks and detailed investigations to find accomplices.
An islandwide operation led to four more arrests on 29 May 2025.
The four men are also aged between 22 and 27.
As quoted in SPF, “The 23-year-old man was arrested on 28 May 2025 and preliminary investigations revealed that he had allegedly solicited more than ten bank accounts from different individuals, by paying them a commission for every bank account relinquished.”
A 26-year-old man from the group is now helping police with ongoing investigations.
The main charge is facilitating unauthorised access to computer material.
This is an offence under Section 3(1) of the Computer Misuse Act 1993.
The 23-year-old to be charged on 30 May 2025; three others on 31 May 2025.
Police take these financial crime cases very seriously.
According to SPF, “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.”
Money mules often get involved without knowing the crime’s full scale.
Common red flags for money mules include:
To stay safe and avoid being involved in money laundering, never let others use your bank account for free or for payment.
Government officials will never ask you to transfer funds or share your bank details over the phone.
If you are not sure about a request or payment, use these contact points:
Do you believe stricter punishments would help reduce money mule and financial crime cases in Singapore? Agree or Disagree?
Do you think the maximum penalty of two years in jail is enough to deter people from becoming money mules?
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