Sun Xueling on freezing of bank accounts suspected of being linked to scams
The Singapore Police Force (SPF) only freezes bank accounts when there is reason to suspect that they are involved in illicit activities, including scams. The annual number of such accounts is published on the SPF website, said Minister of State for Home Affairs Sun Xueling in Parliament, in reply to an MP’s questions. She said the police do not track whether a frozen bank account is the owner’s only bank account, or how long it takes to unfreeze an account after investigations are complete. The account owner can apply to the courts to withdraw money for “reasonable” living or other legitimate expenses.
The Singapore Police Force (SPF) only freezes bank accounts when there is reason to suspect that they are involved in illicit activities, including scams. The annual number of such accounts is published on the SPF website, said Minister of State for Home Affairs Sun Xueling in Parliament, in reply to an MP’s questions. She said the police do not track whether a frozen bank account is the owner’s only bank account, or how long it takes to unfreeze an account after investigations are complete. The account owner can apply to the courts to withdraw money for “reasonable” living or other legitimate expenses.
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