by chung chinyi | Apr 5, 2025 | Uncategorized
. This is concerning information about fraudsters impersonating lawyers and creating fake law firms to deceive people. Based on the article from May 2021, here are the key points: Scammers were creating bogus law firms, impersonating lawyers, and using phishing...
by chung chinyi | Apr 5, 2025 | Uncategorized
Civil/Administrative Proceedings The Monetary Authority of Singapore (MAS) regulates financial institutions MAS can issue binding directions, conduct investigations, issue fines, and revoke operating licenses Criminal Proceedings Companies Act violations: Fines up to...
by chung chinyi | Apr 5, 2025 | Uncategorized
Dionne Marie Hanna, an 84-year-old British woman featured in a recent Netflix documentary, “Con Mum,” has been charged in Singapore for allegedly defrauding three people. The documentary, which aired on March 25, 2025, revealed how she allegedly scammed...
by chung chinyi | Apr 5, 2025 | Uncategorized
Here’s a summary of the top games mentioned: Infinity Nikki – A recent open-world dress-up RPG released in December 2024 that focuses on exploration and relaxing gameplay rather than intense action Marvel Rivals – A hero shooter released in December...
by chung chinyi | Apr 5, 2025 | Uncategorized
Despite being tech-savvy, statistics show that over half of scam victims in Singapore (2022) were aged 20-39. The article covers five major scam types: 1. Phishing Scams How it works: Scammers impersonate trusted organizations to trick you into revealing personal...
by chung chinyi | Apr 5, 2025 | Uncategorized
Federal Reserve Governor Michael S. Barr has commented on AI and fintech in banking. Based on what’s visible, here’s a summary of the key points: Governor Barr addressed the relationship between generative AI, fintech companies, and traditional banks at an...
by chung chinyi | Apr 5, 2025 | Uncategorized
The Singapore Police Force is warning about scams in which criminals impersonate Chinese companies like Tencent, WeChat, or UnionPay. Since August 28, 2024, at least 443 cases have been reported, with losses exceeding S$9.6 million. How the scam works: Victims receive...
by chung chinyi | Apr 5, 2025 | Uncategorized
Transnational scam syndicates are sending foreigners to Singapore to commit credit card fraud using a new method that bypasses typical anti-fraud measures: How the Scam Works Syndicates steal credit card details through online phishing scams They load these details...
by chung chinyi | Apr 5, 2025 | Uncategorized
Singapore’s Shared Responsibility Framework The Shared Responsibility Framework (SRF) was officially implemented on December 16, 2024, by the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority of Singapore (IMDA). It was first...
by chung chinyi | Apr 5, 2025 | Uncategorized
Venture capitalist Dr. Finian Tan testified in court that he was deceived by Ng Yu Zhi, who is accused of running a $1.45 billion nickel-trading scam that affected hundreds of investors over six years (2016-2021). Key details from the case: Dr. Tan delivered US$19.2...
