DBS Bank saves man from $670,000 scam; bill proposes police control over victims' accounts.

A 60-year-old man nearly lost his life savings of $670,000 to a scam but was saved by a vigilant DBS Bank officer. The officer intervened, suspecting a scam, and convinced the man to halt further transfers. Meanwhile, a 30-something woman lost $130,000 to a scam after ignoring warnings from OCBC Bank and police. The Protection from Scams Bill, introduced in Parliament, proposes giving police the power to control victims' bank accounts to prevent such losses.

November 23, 2024
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