Singapore and Malaysia sign pact to target telecom scammers

Last year saw city-state's highest number of victims who lost nearly $485m

2024-02-26 Singapore Malaysia Scams MOU.jpg

People in Singapore lost nearly $485 million to scams last year. © Reuters

DYLAN LOH, Nikkei staff writer

SINGAPORE -- The information and media authorities of Singapore and Malaysia on Sunday inked an agreement to fight scams across telecommunications channels, after residents of the city-state were cheated of 651.8 million Singapore dollars ($484.9 million) last year.

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