Written Reply to Parliamentary Question on Measures to Enhance Youths’ Awareness of the Risks and Consequences Associated with Becoming Money Mules

Question:

Mr Yip Hon Weng : To ask the Minister for Home Affairs (a) how will the Government enhance awareness among youths about the risks and consequences associated with becoming money mules; (b) besides talks and crime exhibits, what other initiatives are being conducted in schools to raise awareness; and (c) what collaborative measures can be taken between Government agencies and financial institutions to deter youths from engaging in such activities, such as raising red flags if an individual opens bank accounts across different banks in a short period of time.

Answer:

Mr K Shanmugam, Minister for Home Affairs and Minister for Law:

1. The Police conduct public education events to raise awareness among youths on the consequences of crime, including of being a money mule. Among others, the Criminal Behavioural Analysis Competition 2023: Youths Against Scams in July 2023 engaged and educated youths on the preventive actions they can take to protect themselves from falling prey to scams, and advised them not to facilitate scam operations.

2. The Police also collaborate with the Ministry of Education on school talks and other events. For example, the Anti-Scam and Cybersecurity Makeathon in April 2023 encouraged students to come up with ideas to combat scams and improve cybersecurity, and help spread anti-scam and cybersecurity messages to their friends and family.

3. The Corruption, Drug Trafficking, and Other Serious Crimes (Confiscation of Benefits) Act 1992 (CDSA) was amended earlier this year. It will enable the Police to take firmer enforcement action against money mules when it comes into effect. The Police and the Monetary Authority of Singapore have been working with banks to inform their customers, including youths, on the amendments, to deter them from becoming money mules. For example, by enhancing the current advisory that is provided to customers when they open a new bank account. The enhanced advisory will reinforce the message that customers may be liable if their accounts are used by others for criminal activities, in line with the latest CDSA amendments.