Remove Crime Remove Data Security Remove Freeze Account
article thumbnail

OCBC and Singapore Police Freeze Over 300 Accounts, Seize S$1.8 Million

Fintech News

This activity hindered efforts to track and regulate the flow of funds, posing significant challenges for authorities in combating financial crimes. In response, ASC and OCBC collaborated to utilise in-house data analytic models and network detection tools to identify and freeze accounts exhibiting potential money mule behavior.

Accounts 104