Singapore Police Investigate 254 Suspected Scammers and Money Mules

Singapore Police Force (SPF) is investigating 254 people following a two-week anti-scam operation from August 27 to September 9, 2026. The suspects are believed to be linked to more than 652 scam cases, with reported losses of around S$7.5 million.

Investment Scams Among 652 Cases

The operation was conducted by SPF’s Cyber Command and all seven Police Land Divisions. The cases included investment scams, e-commerce scams, phishing scams, job scams, government official impersonation scams and lucky draw scams.

The 254 individuals, comprising 151 men and 103 women aged 15 to 79, are being investigated for suspected cheating, money laundering and providing payment services without a licence.

Singapore Targets Scam Networks and Money Mules

SPF said scam syndicate members and recruiters may face mandatory caning of six to 24 strokes under Singapore’s enhanced sentencing framework. Money mules involved in laundering proceeds, providing SIM cards or supplying Singpass credentials may face discretionary caning of up to 12 strokes for relevant offences.

Individuals linked to mule-related offences may also face restrictions on banking services and mobile subscriptions under Singapore’s Facility Restriction Framework, regardless of whether they have been convicted.

Investors Should Verify Before Transferring Funds

The scale of the operation highlights the risks surrounding investment scams and government official impersonation scams. Investors should verify financial firms and communications through official channels before providing personal information or transferring funds.

For more updates on investment scams, broker warnings and regulatory risks, follow Brokersview’s risk-alert coverage.

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