Nearly S$10,000 in scam proceeds laundered through e-wallets allegedly bought for S$50 each
A 21-year-old has been arrested for using work permit holders' Singpass accounts to create e-wallets for scam transactions, with each work permit holder paid $50 and at least $9,792 in scam proceed... This article ( Nearly S$10,000 in scam proceeds laundered through e-wallets allegedly bought for S$50 each ) first appeared on The Independent Singapore News .
SINGAPORE - A 21-year-old man has been arrested for allegedly facilitating a scheme to launder nearly S$10,000 in scam proceeds through e-wallets purchased for S$50 each from work permit holders. The operation came to fruition between August 25 and 26, 2026, when officers from Clementi Police Division identified the man and the individuals involved.
According to the source, the man allegedly accessed the Singpass accounts of the work permit holders, enabling him to open e-wallet accounts on their behalf for a fee of S$50 each. These e-wallets were then utilized to receive and transact scam proceeds.
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