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Singapore Police Given Power to Block Bank Accounts to Stop Scams

  • #World
  • #Singapore
  • #Crime & justice
Singapore Police Given Power to Block Bank Accounts to Stop Scams
story
JUL 2
Above: A staff member counts Singapore dollar notes on Oct. 6, 2022. Image copyright: Roslan Rahman/AFP/Getty Images
story last updated JUL 2

The Spin

Pro-establishment narrative

The threat posed by scams is considerable, with 2024 being Singapore’s worst year on record for scam losses. The new law, therefore, is a necessary step, empowering the authorities to intervene and safeguard citizens’ finances. As a last resort, the use of restraining orders strikes a balance between security and ensuring individuals can still access funds for legitimate needs.

Ministry of Home AffairsMinistry of Home Affairs

Opposition narrative

The new law is a paternalistic piece of legislation that will treat Singaporeans like children. The measure enables the authorities to intrude upon the privacy of citizens, whose financial freedoms and personal responsibility will be curtailed in the process. The law also dangerously leaves the door wide open to government overreach, with potentially devastating consequences.

Fintech SingaporeOpen Privilege