Singapore police can now seize bank accounts to stop scams

Singapore police can now freeze bank accounts to prevent scams, as the island-state battles a surge in scam cases totaling S$1.1 billion in 2024. Under the new Protection from Scams Act, the police can restrict transactions and ATM use for suspected scam victims. Despite concerns about abuse of power, the measure aims to address the growing issue of victims not heeding scam warnings and sustaining financial losses in job, investment, and romance scams.