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Police may be getting powers to instruct banks to restrict transactions of potential scam victims, according to a bill tabled in Parliament by the Ministry of Home Affairs (MHA) on Monday (Nov 11). Under the Protection from Scams Bill, the police will be abPolice may get powers to prevent people from sending money to potential scammers
Police may be getting powers to instruct banks to restrict transactions of potential scam victims, according to a bill tabled in Parliament by the Ministry of Home Affairs (MHA) on Monday (Nov 11). Under the Protection from Scams Bill, the police will be able to issue restriction orders (RO) to banks so long as there is reasonable belief that scam victims will make monetary transfers to the scammer, according to MHA. Under this bill, money transfers, ATM facilities and all credit facilities (e.g. credit card transactions, personal loan facilities) will be restricted for potential scam victims. «This will enable the police to better protect targets of ongoing scams who refuse to believe that they are being scammed,» the ministry stated said in a press release on Monday When issued, the RO will be sent by default to the seven major retail banks in Singapore: OCBC, DBS Bank, UOB, Maybank, Standard Chartered, Citibank and HSBC. Other banks not included may also be sent an RO where there is reasonable suspicion that an account under these banks might be involved. Read more