Man, 71, allegedly used wife’s bank account for money laundering linked to love scam
SINGAPORE – A 71-year-old Singaporean man who allegedly used his wife’s bank account to launder money linked to an Internet love scam was charged in court on Friday (Aug 5).
Lai Chee Keong is said to have owned five bank accounts that he used together with his wife’s account to facilitate the flow of ill-gotten funds from victims of the love scam.
More than $222,000 was transferred by the victims to these bank accounts, the police said on Friday.
On Sept 18 last year, officers received a report from one of the victims, who informed them that she had been duped into transferring $4,950 to an unknown bank account.
The woman had befriended an unknown person over social media who promised to send her a parcel containing money and jewellery.
However, to receive those items, she was told she had to make a payment of $4,950 so that her parcel would not be detained by “Customs”.
Police investigations revealed that the bank account that she transferred money to belonged to Lai.
Court documents showed that after receiving the funds, Lai allegedly attempted to transfer the money to two Malaysian bank accounts belonging to a woman, Nurul Aidayu Amran, and a man, Mohamad Azizie Che Mahmud.
On Friday, the police reminded the public that they would take action against people who allow their bank accounts to be used for money laundering.
The police said: “To avoid being an accomplice to crimes, members of the public should always reject requests by others to use their bank accounts as they will be held accountable if the bank accounts are linked to crimes.”
For acquiring, possessing, using, concealing or transferring benefits from criminal conduct, a person found guilty can be jailed for up to 10 years, fined up to $500,000, or both.
The offence of possessing property reasonably suspected to be benefits of criminal conduct carries a jail term of up to three years, a fine of up to $150,000, or both.
For providing a payment service in Singapore without a licence, an offender can be jailed for up to three years, fined up to $125,000, or both.
Those with information related to such scams are advised to call the police hotline on 1800-255-0000 or submit the information online.
For more information on scams, visit the Scam Alert website or call the anti-scam hotline on 1800-722-6688.