16-year-old among 367 scammers and money mules investigated by police, oldest is 78

A total of 248 men and 119 women, aged between 16 and 78, are assisting in investigations for their suspected involvement in scams as scammers or money mules.

Officers from the Commercial Affairs Department and the seven Police Land Divisions conducted a two-week operation between Jan 19 and Feb 1.

The 367 people are believed to be involved in more than 1,000 cases of various scams where victims reportedly lost over $10 million.

The suspects are being investigated for cheating, money laundering or providing payment services without a licence.

The offence of cheating carries an imprisonment term of up to 10 years and a fine.

The offence of money laundering carries an imprisonment term of up to 10 years, a fine of up to $500,000, or both.

The offence of carrying on a business to provide any type of payment service in Singapore without a licence carries a fine of up to $125,000, an imprisonment term of up to three years, or both.