Singapore tops global scam loss rankings. Now you know why Kumgong sinkies keep voting PAP to be government in every GE.

[earthquake]

Singapore tops global scam loss rankings, mulls harsh deterrents​

May 28, 2025


Singapore is considering introducing caning as a punishment for scammers, following a surge in fraud-related financial losses that placed the country at the top of global rankings for scam victimhood.

According to Finextra, in 2023, Singaporeans lost an average of $4,031 each to scams. This highlights the nation’s vulnerability despite—or because of—its digital sophistication, affluence, and general compliance with authority. The scale of the problem has prompted lawmakers to explore more severe deterrents.

Responding to a suggestion made during a recent parliamentary session, Minister of State for Home Affairs Sun Xueling said that the government would “consider Dr Tan’s suggestion for caning to be prescribed for certain scam-related offences, recognising the serious harm they can cause.” The comment signals a potentially radical shift in policy as the government seeks stronger ways to protect citizens from financial crime.

Support for the proposal has also emerged from the financial sector. Loretta Yuen, chair of the fraud committee at the Association of Banks in Singapore, expressed her approval of the idea, telling the FT, “We believe in caning as a strong deterrent.” She further remarked, “It’s a deterrent, but there is also a sense of revenge to it.”

Singapore’s tough-on-crime reputation, along with its historically low crime rates, may lend weight to such extreme measures gaining traction. However, the proposal is likely to spark broader ethical and legal debates, especially given the international scrutiny that corporal punishment in the region has often attracted.

As financial services continue to digitise, governments around the world are under pressure to adapt their legal frameworks to respond to fast-evolving cyber-enabled crimes. Singapore’s consideration of such a severe step underscores the urgency and gravity of the scam crisis in one of Asia’s most digitally connected economies.

 

[VanDick]

Thanks to the PAP, Sinkieland has achieved another No.1 ranking. SXL must have her salary increased for a job well done.

 

[True Believer]

Thanks to the PAP, Sinkieland has achieved another No.1 ranking. SXL must have her salary increased for a job well done.

Up to 65% of Sinkies are gullible because they believe everything that the PAP tells them i.e. a 6.9 million population is good for SG, CECA will not take away their white collar jobs, having the Elections Dept under the Prime Minister's Office is democratic etc.

 

[birdie69]

Thanks to the PAP, Sinkieland has achieved another No.1 ranking. SXL must have her salary increased for a job well done.

Our garment would be very worried if sinkies are not gullible!

 

[sbfuncle]

IMHO they should consider having some form of punishment for the victims, as a learning fee.

 

[batman1]

They should also considering imposing caning as a punishment for money laundering bosses and accomplices.

 

[mojito]

Gullible yes. But not because they volt the Pap, but be cause some sillies here think the wankers are real oppies.

 

[True Believer]

They should also considering imposing caning as a punishment for money laundering bosses and accomplices.

The govt is trying to attract these ultra rich foreigners to set up family offices in SG.