While it’s human nature to sympathize with those who report that their digital identity was stolen in a financial crime, in some cases the alleged victim was complicit in the fraud.
Singapore is drafting legislation to treat these people as cybercriminals as well as those who organize online scams that abuse Singpass digital identities.
There are already at least two anti-money laundering (AML) laws in the law, targeting accomplices, but the government said that minions in the police network knew they were doing wrong. need to prove
Someone may agree to let someone else use their bank account and turn a blind eye to the damage it causes.Man may earn a small amount As a reward from the mastermind.
This case is the flip side of the kind most consumers hear about: someone losing control of their biometric identifier and other credentials through software or social engineering.
Two bills are under consideration in Singapore to curb S$660.7 million (US$486.8 million) issued by news publisher Singapore Today. To tell Lost to cyber fraud in 2022.
Some of that total, apparently unknown, involves people whose actions they know may have made them wealthy, but which almost certainly hurt others financially.
analysis An overview of the AML bill by legal trade publication JD Supra shows it’s intended to make it harder for someone to dishonestly claim they’re a victim too.
JD Supra said one of the new bills would make anyone who “rashly” agrees to be involved in a criminal enterprise liable. According to the publisher, Singapore’s criminal law defines imprudentness as acting knowingly that there is a risk of complicity in a criminal act.
Other laws hold people accountable for negligence. Any reasonable person would have known that he should have acted to stop the apparent crime, but he did not. In this case, the law would require individuals to act like banks that comply with KYC and AML regulations.
Article topics
AML | Biometrics | Digital ID | Identity Verification | Singapore |