Accounts Crime Freeze Account 
Fintech News
AUGUST 21, 2024
More than 300 suspicious bank accounts were frozen, and over S$1.8 The operation, conducted from May to August 2024, targeted accounts allegedly involved in facilitating scam-related activities, particularly those opened by foreigners. The post OCBC and Singapore Police Freeze Over 300 Accounts, Seize S$1.8
PYMNTS
MARCH 8, 2019
And South Korea has launched a task force to combat crypto fraud and FinTech-related crimes. According to The Next Web , the move comes after South Korea saw an 800-percent increase in crypto crimes in the last three years.
FICO
NOVEMBER 14, 2019
Recently banks have hit the headlines both for failing to detect money laundering and for freezing the accounts of legitimate customers when money laundering is suspected. Whether you’re freezing accounts because you wrongly suspect money laundering or missing real cases of financial crime, it’s all a matter of accuracy.
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