SCAM ADVISORY
Common types of Scams
Phishing Scam
Phishing scams involve fraudulent methods of obtaining sensitive information, such as passwords or credit card numbers. Be cautious of unsolicited emails, messages, or calls requesting personal details.
Prevention:
- Always check the Sender’s Email Address – Phishing emails often use deceptive addresses that may look similar to legitimate ones but contain slight misspellings or extra characters
- Look for Generic Greetings – e.g. “Dear Customer/Dear Sir/Dear Madam”
- Check for Spelling and Grammar Mistakes – Legitimate organizations usually have professional communication without such mistakes.
Online Shopping Scams
Only use reputable websites when shopping online. Avoid deals that seem too good to be true, and double-check website URLs to ensure they are secure.
What to do if I believe I am a victim of a scam or fraud
If you suspect that you have fallen victim to a scam or fraud by sending money to a SLIDE wallet or using SLIDE to send money to a suspicious receiver:
- Contact us at [email protected] or +65 3129 2937 (Daily 7am – 10pm)
- File a Police report – SlideSG will do its best to work with the authorities to get your money back. However, if they money has been collected by the receiver, we cannot guarantee that we can get the money back.
Money Mule Advisory
What is a Money Mule?
A money mule is a person who is recruited by criminals to assist in the transfer of illegally obtained funds. This involvement can have serious legal consequences, including criminal charges and imprisonment.
How Money Mule Schemes Work:
- Job Offers: Scammers often pose as legitimate employers, offering jobs such as payment processing or financial management roles.
- Tasks: Once recruited, victims are instructed to receive funds into their bank accounts and then transfer these funds to other accounts, often in a different country. In exchange, the victims will be promised with rewards such as high pay.
- Legal Consequences: Acting as a money mule is illegal, and individuals involved may face criminal charges, imprisonment, and financial penalties.
How to Protect Yourself:
- Do not accept suspicious job offers: Be cautious of unsolicited job offers, especially those promising easy money or requiring you to receive and transfer funds.
- Research employers: Verify the potential employers by researching the company, checking reviews, and contacting them directly through official channels.
- Stay educated: Stay up-to-date with common scams going about and be aware of the tactics used by these criminals to recruit money mules.
Reporting Suspicious Activity:
If you believe you have been targeted by a money mule scheme
- Contact us at [email protected] or +65 3129 2937 (Daily 7am – 10pm)
- If you have information about such activities, please report it to the Police Hotline: 1800-255-0000 or submit the I-Witness form online at police.gov.sg/iwitness. With your help, further criminal activities can be prevented.
Reading Material:
References:
https://www.interpol.int/en/Crimes/Financial-crime/Money-mules-what-are-the-risks
https://www.fdacs.gov/Consumer-Resources/Scams-and-Fraud/Online-Shopping-Scams
