Singapore pledges support for more global cooperation in helping fraud victims recover funds businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
Singapore has joined hands with several other nations to recover fraudulent funds. The agreement was cemented in a communique signed on Monday (March 11) at the inaugural Global Fraud Summit organised by the United Kingdom. Singapore was represented by Minister for Communications & Information and Second Minister for Home Affairs Josephine Teo. Teo was joined by more than 150 representatives.
Singapore authorities must be more proactive and responsive in tackling new, exploitative types of scams, said MP Derrick Goh in Parliament on Thursday (Feb 29). These scams, such as job, e-commerce and “fake friend” scams, exploit victim's psychology to make them part with their money and account for the majority