At least S$2.6 million lost to scammers impersonating MAS officers this year

SINGAPORE: The Singapore Police Force (SPF) and Monetary Authority of Singapore (MAS) on Thursday (Dec 21) warned of a scam variant involving the impersonation of MAS officers.

At least 41 people have fallen victim to the scam since January 2023, losing at least S$2.6 million (US$1.95 million) in total, SPF and MAS said in a joint news release.

The scam would usually start with victims receiving unsolicited calls from scammers impersonating bank officers, requesting verification of banking transactions that they allegedly conducted.