Singapore authorities are launching a crackdown to cut scam mules off from banks, mobile lines and digital IDs.

The joint move by the Singapore Police Force (SPF), Monetary Authority of Singapore (MAS), Infocomm Media Development Authority (IMDA) and Government Technology Agency of Singapore (GovTech) targets individuals who supply syndicates with local facilities.

Scam losses reached S$456.4 million in the first half of 2025 across 19,665 cases.

Authorities say scammers depend on bank accounts, phone lines and digital services bought from “mules,” and are increasingly exploiting cryptocurrency’s anonymity to move funds.

The new framework will curb digital banking services including Internet and mobile banking, card-based transactions and ATM withdrawals.

Singpass and Corppass use for high-risk services such as bank account openings will also be restricted.

Police have seen a rise in scam phone lines, including those registered by corporate entities, with more than 11,000 linked lines and 15 per cent of subscribers repeat offenders.

From October 2025, restrictions will be rolled out in phases, starting with banking services and new mobile line subscriptions. Singpass and Corppass limits will follow later.

The measures will cover people warned, fined, prosecuted or convicted for mule offences, and those under investigation deemed at risk of reoffending.

Authorities said restrictions will be calibrated to allow basic financial and communication needs.

Affected individuals will be notified and can appeal. Enhanced sentencing guidelines have also been issued, meaning offenders could face tougher penalties including jail time.

Featured image: Edited by Fintech News Singapore, based on image by meshcube via Freepik