Singaporean Home Affairs Minister Sim Ann at a press conference on Wednesday Singapore has approved a new law that will see scammers physically caned as the government battles a surge in financial fraud. The legislation, passed in Parliament on Tuesday, comes amid a staggering rise in scams that have cost victims roughly $2.9 billion since 2020, including a record $1.1 billion million last year alone. Police say the situation is worsening fast, with almost 20,000 cases reported in just the first half of this year and losses exceeding $465 million. Under the new rules, anyone caught running or recruiting for a scam syndicate will receive a mandatory caning of at least six strokes, and possibly as many as 24 Those acting as “money mules” or…

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