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:
Fraud
Advisory and Transformation
Industry News
