17 Year-Old Among Three Arrested for Money Mule Activities

Three individuals, aged between 17 and 24, will be charged in court on March 7, 2025, for their suspected involvement in separate cases related to money mule activities. Their charges include conspiracy to commit cheating, unauthorized access to computer material, unauthorized disclosure of access codes, and assisting in retaining criminal proceeds.

In the first case, a 17-year-old allegedly provided his banking credentials and One-Time Password (OTP) to a criminal syndicate in exchange for $150. He will be charged with unauthorized disclosure of access codes under the Computer Misuse Act 1993, an offense that carries a fine of up to $10,000, a maximum three-year jail term, or both for first-time offenders.

The second and third cases involve an 18-year-old and a 24-year-old who reportedly deceived banks into opening six bank accounts. They then sold the iBanking credentials to criminal syndicates for $500 per account. Their charges include conspiracy to commit cheating, unauthorized access to a bank’s computer system, and assisting in the retention of criminal proceeds.

Under Singapore law, abetting by conspiracy to commit cheating under the Penal Code 1871 carries a maximum three-year imprisonment, a fine, or both. Additionally, unauthorized access to a bank’s computer system under the Computer Misuse Act can lead to a two-year jail term, a fine of up to $5,000, or both. Those found guilty of assisting others in retaining criminal benefits under the Corruption, Drug Trafficking, and Other Serious Crimes (Confiscation of Benefits) Act 1992 could face up to three years in prison, a fine of up to $50,000, or both.

The police emphasized their strict stance on such offenses, warning individuals against participating in fraudulent activities. They urged the public to reject quick money-making schemes that require sharing Singpass or banking credentials, as such actions could make them accomplices to financial crimes.

Authorities also provided resources for scam awareness and reporting, directing the public to ScamShield’s website and helpline for more information. Individuals with knowledge of similar activities are encouraged to report them through the Police Hotline or the online i-Witness platform.

This case serves as a reminder of the serious legal consequences of involvement in money mule activities, highlighting the risks of engaging in seemingly easy financial transactions.

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