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    🇸🇬Singapore·Policy·9 Sept 2026·via Fintech News Singapore

    Singapore Anti-Scam Bill Proposes Caning, Jail Terms and S$10 Million Penalties

    Singapore's proposed Scams (Countermeasures) and Other Matters Bill seeks to impose significant penalties on online services and individuals to combat rising scam cases. The bill, debated on September 8, would allow for fines of up to S$10 million for designated online services like WhatsApp, Telegram, and TikTok that breach anti-scam requirements. It also grants police broader powers to disable suspected scam accounts for up to 60 days and restricts services for individuals involved in scams. Furthermore, individuals acting as 'account mules' could face fines, prison sentences, and discretionary caning of up to 12 strokes for certain offenses, with extraterritorial application when there is a link to harm in Singapore.

    Nexa's Summary

    Singapore's new anti-scam legislation introduces some of Asia's most stringent measures for online platforms and individuals. The S$10 million penalty for major social and messaging services like Apple, Google, and Meta platforms, for breaches of anti-scam codes, marks the highest fixed-quantum financial penalty in Singapore's statute book. This move reflects the government's serious intent to hold tech giants accountable for user safety, particularly given that 90% of scam cases in the first half of 2026 involved online platforms, with daily losses averaging S$2 million. The bill's provision for AI and machine learning to issue directions for high-confidence scam content detection is a key development for AI governance in the region. While human oversight remains for lower-confidence cases, the deployment of AI in law enforcement, with clear accountability for agency heads, sets a precedent for how other Asian nations might integrate AI into regulatory frameworks. The inclusion of caning for account mules, alongside prison terms, underscores Singapore's firm stance on deterring financial crime, extending its reach even to offenses committed outside the country with a proven link to domestic harm.

    #Regtech#Security#Minister for Home Affairs#fintechnewssg-id:136921
    Original reporting by Fintech News SingaporeWe don't republish, read the full story â†’

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