The gist
The Straits Times|November 12, 2024
Proposed law to block scam victims' bank transactions; changes to MediShield Life Scheme Bill passed
The gist

Proposed anti-scam legislation could let the police impose restrictions on bank transactions by those "reasonably believed" to be targeted by scammers.

The landmark Protection from Scams Bill, introduced in Parliament on Nov 11, could give the authorities power to put a stop to everything from online banking to over-the-counter transactions by potential scam victims.

Parliament also passed proposed changes to the MediShield Life Scheme Bill, with seven MPs speaking on issues such as affordability and the scheme's means-testing metrics.

Here are the key takeaways from the sitting:

POLICE COULD BLOCK BANK TRANSACTIONS OF POTENTIAL SCAM VICTIMS UNDER PROPOSED BILL

The police could be allowed to issue restriction orders to banks, so as to block a potential scam victim's transactions. These include those involving online banking, PayNow and ATM facilities, and even in-person over-the-counter transactions.

The measures mean police can better protect those who refuse to believe they are being scammed, said the Ministry of Home Affairs.

In some cases, victims had been told by the police, banks or family members that they were being scammed, but proceeded with the money transfers, the ministry said.

WHY IT MATTERS:

Despite bank safeguards and extensive anti-scam education efforts, 86 per cent of all reported scams in the first half of 2024 involved victims making voluntary transfers to scammers.

The police currently cannot stop victims from doing what they want with their money, even if they are suspected of being scammed.

If the Bill is passed, Singapore could be the first country in the world to give the police powers to directly control the bank accounts of stubborn scam victims, including how much they are allowed to withdraw.

NO REVIEW OF CURRENT TELEMEDICINE STANDARDS NEEDED, SAYS HEALTH MINISTER

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