\n<\/p>\n
In another business email compromise scam, the police received a report on Apr 30 that a Singapore-based commodity trading firm had been deceived into transferring US$6.6 million to a fraudulent bank account in Oman.<\/p>\n
The victim\u2019s staff had received an email that appeared to be from its legitimate supplier, but the domain name had been subtly altered by transposing two letters, making the spoofed address “virtually indistinguishable from the genuine one\u201d, said police.\u00a0<\/p>\n
Believing that the request was authentic, the staff initiated the transfer of the full amount to the fraudulent bank account, before discovering the fraud the next day, after the genuine supplier notified them that they had not changed their bank account.<\/p>\n
Upon the report, police immediately engaged with the United Arab Emirates Ministry of Interior and Dubai police to facilitate liaison with Omani authorities.<\/p>\n
The fraudulent funds were eventually traced and fully recovered.<\/p>\n
In its news release, SPF also highlighted two other joint operations that involved collaboration with Malaysian authorities.<\/p>\n
\u201cOur ability to curb cross-border scams hinges on the depth of the relationships we build with the FRONTIER+ network,\u201d said Commercial Affairs Department (CAD) director Peggy Pao.<\/p>\n
\u201cWhen agencies share real-time alerts, pool analytical resources and conduct synchronised raids, this accelerates the identification of illicit fund flows and the dismantling of scam operations.<\/p>\n<\/div>\n