Singapore Weighs Caning for Severe Scam Offenses After Record Losses
Authorities consider harsher penalties as scam-related losses in 2024 surge by 70%, exceeding S$1.1 billion.
- Singapore's Minister of State for Home Affairs, Sun Xueling, announced that caning is being considered as a punishment for serious scam-related crimes due to their significant societal harm.
- Scam-related losses in Singapore reached a record S$1.1 billion in 2024, marking a 70% increase over the previous year, with cryptocurrency-related scams accounting for nearly 25% of the total.
- Authorities have intensified efforts to combat scams, including the investigation of over 8,000 money mules and scammers last year, leading to more than 660 individuals being charged in court.
- Singapore is strengthening measures to detect and deter money mule activities, including enhanced collaboration between police and banks to identify suspicious accounts and implement cooling-off measures.
- The government is urging stronger verification measures on platforms like Telegram, which saw a doubling of scam cases in 2024, and continues to promote public education through tools like the ScamShield app.