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The intent is not to penalise those who give away SIM cards for legitimate purposes, such as those who register SIM cards in their names for family members' use, says Second Minister for Home Affairs Josephine Teo.
There was a record high of over 46,000 scams in 2023, with victims losing about $651.8 million that year. Read more at straitstimes.com.
His visit coincides with the 50th anniversary of diplomatic relations between Singapore and Laos. Read more at straitstimes.com.
Singapore is planning to tighten its rules governing corporate-service providers, following a spate of money-laundering cases involving foreign nationals in the city state.