Singapore is implementing new regulations to limit access to banking services and mobile phone lines for individuals convicted of participating in scams.
The Singapore Police Force (SPF), Monetary Authority of Singapore (MAS), Infocomm Media Development Authority (IMDA), and Government Technology Agency of Singapore (GovTech Singapore) have stated that these measures aim to curb facilities that could be misused for scams, including financial services, telecommunications, and Singpass/Corppass services.
In the first half of 2025, Singapore saw 19,665 reported scam cases, resulting in losses of $456.4 million. Scammers often exploit local bank accounts and phone lines, which they acquire from individuals seeking quick financial gain. Authorities have noted that 15% of telephone line subscribers in 2025, who allowed their lines to be used for scams, are repeat offenders, with over 11,000 lines registered.
The new restrictions will apply retroactively to individuals previously addressed for mule-related offences, as well as those currently under investigation. In addition to the loss of banking access and mobile airtime, repeat offenders committing scam-related offences will face harsher penalties, including potential imprisonment.