If you have been a victim of a scam, you have probably tried to recover the money in various ways. One way is by contacting the police. You can submit a report to the police, and the police will investigate the charges. However, the process isn’t always easy. For example, you may have given your bank account number or your one-time banking password to a scammer who later disappears with it.

Another way to recover your money is to contact the Anti-Scam Centre, or ASC, a government body. The aim of the organisation is to disrupt the activities of scammers and minimise victims’ losses. It has partnered with banks, telcos and digital platforms to combat the scam problem, and has recovered more than S$3.7 million in victims’ funds. It works closely with the banks to freeze the accounts of suspected’scammers’, which may take two weeks to be resolved.

While it is important to keep up your guard against a scam, you can’t expect to stop them from doing so. There are many types of scams, and you can never be too careful. There are many legal penalties for cheating and money laundering, and providing payment services without a license is punishable by up to 10 years in jail. These scammers don’t care about the consequences – if you are the victim of a scam, it’s worth taking the extra step to protect yourself.

Once you’ve been victim to a scam, the next step is to contact the ASC. The ASC will contact the bank to freeze your account, which can take several weeks. Once the account has been frozen, you can begin the process of recovering the money. The first step in the process is filing a report to the ASC. This will help keep the city safe from these types of criminals.

In February 2019, the National Crime Prevention Council (NCPC) announced that it will launch a new initiative called the Anti-Scam Centre. The ASC will work with local banks to freeze the accounts of suspected scammers. In the first half of 2019, the ASC frozen more than 1,500 local mobile lines for scams. Despite the lack of a public awareness campaign, it is helping consumers recover their money.

There are several ways to recover the money from a scammer. If you’re being scammed by an online scammer, you can report the impersonator to the company or organization. This will help the organization amend security provisions. If the scam was conducted over the phone, you can also file a complaint to the Small Claims Tribunal. If you don’t get your money back, this tribunal will hear claims for up to S$10,000.