More Malaysian scammers target Singapore-based victims to pass cash, gold to ‘mules’

AI Summary

Malaysian scam syndicates targeting Singapore-based victims are increasingly shifting to physical cash and gold handovers via couriers and 'mule' networks, as stricter online banking safeguards reduce the effectiveness of digital fraud transfers. Police and crime experts note a rise in cross-border physical transfer schemes in recent cases. The trend signals an adaptation by criminal networks to tightened financial regulations.

Scam syndicates allegedly from Malaysia are increasingly relying on couriers and physical handovers when targeting victims in Singapore, as tighter banking safeguards make fraudulent online transfers harder for them to pull off, according to police and crime experts. Recent police cases suggest some criminals are turning to cross-border transfers in which victims are pressured into handing over cash or valuables in Singapore before the proceeds are passed through “mules” working for scam...