More than 110 suspicious S'pore bank accounts with over S$400k blocked by UOB or seized by police

The police said UOB used its data analytic models and network detection capabilities to identify suspicious transactions. - ST

SINGAPORE: More than 110 suspicious bank accounts with over S$400,000 were blocked by UOB or seized by the police in a joint operation targeting money mules.

The operation was conducted by the bank and officers from the Anti-Scam Centre (ASC) from June 17 to 24, the police said in a statement on Thursday (June 27). The bank accounts were allegedly used to facilitate scam-related activities.