Suspicious bank accounts with over $400k blocked, seized

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Suspicious bank accounts with over $400k blocked, seized
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More than 110 suspicious bank accounts with over $400,000 were blocked by UOB or seized by the police in a joint operation targeting money mules. The operation was conducted by the bank and officers from the Anti-Scam Centre (ASC) from June 17 to 24, the police said in a...

More than 110 suspicious bank accounts with over $400,000 were blocked by UOB or seized by the police in a joint operation targeting money mules.

ASC officers then worked with the bank to identify account holders whose accounts were suspected to have been used for money laundering activities, they added. They allegedly relinquished internet banking credentials to scammers to receive profits from a fake investment scheme as well, police added.

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