A screenshot of an SMS sent to a victim and a scammer impersonating a bank officer. SINGAPORE: The police warned on Thursday of a scam trend where criminals impersonate banks and offer victims fixed deposit scheme promotions.
Victims would receive SMSes from unknown +65 local mobile numbers, purportedly from local banks, and be offered fixed deposit schemes with high interest rates. “They would then seek victims' personal particulars to 'apply for the fixed deposit promotion' and subsequently claim to have registered a bank account under the victims' names.”
Individuals would realise that they had been scammed after logging into their banking applications and finding no changes to the system records.