10 arrested for allegedly letting scammers use their bank accounts for up to $600 per account

Ten people, aged between 17 and 60, were arrested for their suspected involvement in various scams, said the police on Wednesday (Oct 4).

They are alleged to have sold or rented their bank accounts to criminal syndicates for as much as $600 per bank account.

Some of them have purportedly cheated the banks into opening bank accounts before handing over the ATM cards and iBanking credentials to the criminal syndicates.

Four also allegedly sold their SingPass credentials to criminal syndicates to create new bank accounts.

They were to be charged in court on Thursday (Oct 5) for their suspected involvement in various offences connected to money mule activities which include cheating, facilitating unauthorised access to computer material and unauthorised disclosure of access code.

The offence of cheating carries an imprisonment term of up to three years, a fine or both.

The offence of facilitating unauthorised access to computer material carries an imprisonment term not exceeding two years, a fine or both, for first-time offenders.

The offence of unauthorised disclosure of access code carries an imprisonment term not exceeding three years, a fine or both, for first-time offenders.