Singapore Police Anti-Fraud Center was established one year ago to help recover a total of over SGD 21.2 million in budget
In the past year since the establishment of the Anti-Fraud Center of the Police Commercial Affairs Bureau, it has successfully assisted victims to retrieve a total of more than 2120 million in funding, which is approximately 40% of the total amount of fraud and fraud cases triggered.
Anti-fraud center established on June 18 last year received more than 8,600 fraud cases and successfully froze more than 6,100 bank accounts, intercepting donations from victims to scammers, preventing the scammers from succeeding.
Center also cooperates with more than 20 banks, financial technology companies, telecommunications companies and e-commerce companies to jointly combat fraud.