Singapore's joint warning on rise of government official impersonations

18 October 2024

Singapore's joint warning on rise of government official impersonations

The Monetary Authority of Singapore (MAS) issued a joint advisory, alongside the Singapore Police Force, warning of a rise in scams where fraudsters impersonate government officials.

MAS warns of:

Fraudsters exploiting the impersonation to individuals in positions of power to deceive victims into transferring money or divulging personal information; and
Scammers using caller ID spoofing and fabricated stories to instil fear and urgency;

Firms should review the warning to ensure their fraud prevention strategies remain robust against evolving threats.

✅ Learn more about Plenitude’s Fraud Practice and how we help clients enhance their fraud prevention mechanisms:

https://www.plenitudeconsulting.com/services/fraud-practice

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