Uploaded August 2024 | Updated September 2026, 2 weeks ago
🚨Police make their largest ever recovery of funds defrauded in a business email compromise scam and this is how it went:
🔵 15 July - Singapore firm receives scam email from fake supplier.
🔵 19 July - Firm transfers USD 42.3 million to the fake supplier via a bank account in Timor Leste.
🔵 23 July - Firm discovers the fraud after genuine supplier reports not being paid and files police report in Singapore. Singapore Police Force reaches out to INTERPOL.
🔵 24 July - Singapore receives confirmation via INTERPOL that more than USD 39 million was intercepted thanks to cooperation with Timor Leste authorities.
🔵 24-26 July - Timor Leste authorities take seven suspects into custody and further recover more than USD 2 million.
Read the full story 🔗 https://www.interpol.int/News-and-Events/News/2024/Police-recover-over-USD-40-million-from-international-email-scam
🚨Police make their largest ever recovery of funds defrauded in a business email compromise scam and this is how it went:
🔵 15 July - Singapore firm receives scam email from fake supplier.
🔵 19 July - Firm transfers USD 42.3 million to the fake supplier via a bank account in Timor Leste.
🔵 23 July - Firm discovers the fraud after genuine supplier reports not being paid and files police report in Singapore. Singapore Police Force reaches out to INTERPOL.
🔵 24 July - Singapore receives confirmation via INTERPOL that more than USD 39 million was intercepted thanks to cooperation with Timor Leste authorities.
🔵 24-26 July - Timor Leste authorities take seven suspects into custody and further recover more than USD 2 million.
Read the full story 🔗 https://www.interpol.int/News-and-Events/News/2024/Police-recover-over-USD-40-million-from-international-email-scam
