12 suspects who allegedly siphoned cash from victims’ bank accounts using malware arrested

In Singapore, 12 alleged members of a money laundering syndicate linked to recent online banking malware attacks have been arrested. Over June-August, victims experienced unauthorized transactions from their bank accounts. During the police operation, cash, laptops, bank cards, mobile devices, and drug paraphernalia were seized, and sixty bank accounts were frozen. The suspects, aged 21-36, are being investigated for various offences. Six will be charged with illicitly transferring criminal funds.