The home affairs ministry said the number of scam cases involving victims voluntarily transferring money to scammers remains high, despite safeguards such as a “kill switch” that allows individuals to freeze their bank accounts if they suspect their accounts have been compromised. It said 86% of reported scams in the first half of 2024 were “the result of self-effected transfers.”
Restriction orders will be issued only for scams conducted remotely, such as via phone calls, SMSes or online platforms, the ministry said. The orders would be for an initial period of 28 days, and could be extended after.
Individuals who have been locked out of their bank accounts can apply to the police to access their money to pay bills or for regular daily spending. They can also appeal to the Minister for Home Affairs if they disagree with the police’s decisions.
The ministry is seeking public feedback on the new bill until the end of September.
