Don't be fooled by tempting offers

If it sounds too good to be true it probably is. This sign appears in many scam cases such Loan scams, E-commerce scams, Investment scams, Job scams and Money Laundering offences.

Spot the Signs
LOAN SCAM SIGNS

LOAN SCAM SIGNS

  1. You come across a loan advertisement or loan offer through SMS, messaging apps, social media or online. The lender offers to approve your loan remotely, such as online or via the messaging app itself.

    Licensed moneylenders can only grant loans physically at their approved places of business and are allowed to advertise via social media, SMS, messaging apps or cold calls.
  2. Some loan scammers may impersonate licensed moneylenders by using details such as license numbers to set up fake websites.
  3. They demand an upfront payment to secure the loan. Any administrative or processing fees would usually be deducted from the loan principal disbursed to the borrower instead of paying upfront.
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E-COMMERCE SCAM SIGNS

  1. You see a deal online for popular items, often electronic gadgets, that are priced below market rates.
  2. The deal is presented as limited time only or an urgent flash deal.
  3. The "seller" insists or encourages you to take the conversation off the platform or make payment through direct bank transfers rather than through the payment options offered by the platform.
  4. The "seller" account could be set up very recently or has few or no reviews.
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E-COMMERCE SCAM SIGNS
INVESTMENT SCAM SIGNS

INVESTMENT SCAM SIGNS

  1. You receive a message out of the blue from someone claiming to be a stockbroker or bank or financial company employee on social networking sites like Facebook, WeChat or Line.
  2. You are approached by a financial entity based outside Singapore.
  3. You are promised fast, high returns for an investment with little to no risk.
Learn more 

JOB SCAM SIGNS

  1. You receive a job offer via SMS, Telegram/WhatsApp messages, Facebook or job recruitment sites for a position such as assistant purchaser, stock taker, affiliate marketer, etc.
  2. The job promises lucrative returns for minimal effort.
  3. You are asked to transfer money to bank account or cryptocurrency wallet to secure the position.
Learn more 
JOB SCAM SIGNS
MONEY LAUNDERING SIGNS

MONEY LAUNDERING SIGNS

  1. A stranger befriends you online and asks you to open a new bank account or use an existing bank account to receive money and send money to another person or company overseas.
  2. You see an ad online for the position of "agent" for receiving and transferring money.
  3. The "employer" has no street address or ACRA details.
  4. You are offered commission for helping to conduct transactions using your bank account on behalf of another person.
Learn more 
LOAN SCAM SIGNS

LOAN SCAM SIGNS

  1. You come across a loan advertisement or loan offer through SMS, messaging apps, social media or online. The lender offers to approve your loan remotely, such as online or via the messaging app itself.

    Licensed moneylenders can only grant loans physically at their approved places of business and are allowed to advertise via social media, SMS, messaging apps or cold calls.
  2. Some loan scammers may impersonate licensed moneylenders by using details such as license numbers to set up fake websites.
  3. They demand an upfront payment to secure the loan. Any administrative or processing fees would usually be deducted from the loan principal disbursed to the borrower instead of paying upfront.
Learn more 
E-COMMERCE SCAM SIGNS

E-COMMERCE SCAM SIGNS

  1. You see a deal online for popular items, often electronic gadgets, that are priced below market rates.
  2. The deal is presented as limited time only or an urgent flash deal.
  3. The "seller" insists or encourages you to take the conversation off the platform or make payment through direct bank transfers rather than through the payment options offered by the platform.
  4. The "seller" account could be set up very recently or has few or no reviews.
Learn more 
INVESTMENT SCAM SIGNS

INVESTMENT SCAM SIGNS

  1. You receive a message out of the blue from someone claiming to be a stockbroker or bank or financial company employee on social networking sites like Facebook, WeChat or Line.
  2. You are approached by a financial entity based outside Singapore.
  3. You are promised fast, high returns for an investment with little to no risk.
Learn more 
JOB SCAM SIGNS

JOB SCAM SIGNS

  1. You receive a job offer via SMS, Telegram/WhatsApp messages, Facebook or job recruitment sites for a position such as assistant purchaser, stock taker, affiliate marketer, etc.
  2. The job promises lucrative returns for minimal effort.
  3. You are asked to transfer money to bank account or cryptocurrency wallet to secure the position.
Learn more 
MONEY LAUNDERING SIGNS

MONEY LAUNDERING SIGNS

  1. A stranger befriends you online and asks you to open a new bank account or use an existing bank account to receive money and send money to another person or company overseas.
  2. You see an ad online for the position of "agent" for receiving and transferring money.
  3. The "employer" has no street address or ACRA details.
  4. You are offered commission for helping to conduct transactions using your bank account on behalf of another person.
Learn more 

LEARN HOW TO SPOT OTHER SCAM TYPES

02. Unexpected Friend Requests
03. Pay by gift cards or credits
04. Urgent money transfers
05. OTP requests