💸 Singapore🇸🇬: the police are investigating an illegal gambling case involving 30 suspects

💸 Singapore🇸🇬: the police are investigating an illegal gambling case involving 30 suspects

Authorities are also investigating alleged illicit financial activities and other financial crimes linked to the case.

➡️ During an operation conducted by the Criminal Investigation Department between May 21 and May 29, authorities identified the misuse of bank accounts, with approximately 14,000 USD frozen.

➡️ Five individuals are suspected of placing bets with unlicensed online operators. They may face charges under Section 20 of the Gambling Control Act 2022, which prescribes fines of up to 10,000 Singapore dollars (7,780 USD) and/or imprisonment for up to six months.

➡️ The remaining suspects are accused of selling or transferring control over personal or corporate bank accounts to criminal syndicates.

➡️ In addition, all suspects face allegations related to violations of the “Computer Misuse Act” of 1993 (fine and/or imprisonment of up to 3 years), the “Corruption and Drug Trafficking Act” of 1992 (fine and/or imprisonment of up to 3 years), as well as money laundering offenses. Under the “Confiscation of Benefits from Criminal Conduct Act”, money laundering may be punished by up to 10 years of imprisonment and fines of up to 387,000 USD.

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