Singapore Police Force have charged a 64-year-old woman for conspiring with others to deceive two local banks into opening bank accounts for her.
The woman purported to be the owner of these accounts but allowed her co-conspirators unauthorized access to the banks’ computer systems by providing them her internet banking login credentials and an ATM card. Criminals then used the woman’s bank accounts to launder illicit proceeds of three romance scams. The woman also received payment for providing this laundering service to the co-conspirators.
The co-conspirators had befriended three victims on online social media platforms, who had fallen in love with them. Over time, the scammers convinced the victims of this romance fraud to transfer over S$121,000 ($87,478) into the woman’s accounts for a variety of purposes.
For her offenses, the woman will face both imprisonment and a monetary penalty.
Source: Singapore Police Force