Kim Heng Jewellers & Goldsmiths at People's Park Complex in Chinatown was handed three charges for failing to undertake prescribed customer due-diligence measures, after the money it received was linked to scams.
In a joint statement, the police and the Ministry of Law (MinLaw) said that between September and October 2023, the police received reports of phishing scams involving malware installed on victims' Android phones.
There were unauthorised bank transactions made from the victims' compromised accounts, the statement said.
The money was traced to three sale transactions between Kim Heng and an unidentified person.
This story is from the May 08, 2024 edition of The Straits Times.
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This story is from the May 08, 2024 edition of The Straits Times.
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