In brief
Singaporean authorities reported a BEC scam that sent $12.8 million to a Cambodian account. Cambodian police, with the National Bank of Cambodia, froze the fund and returned it. The Straits Times noted OCBC Bank’s role in the recovery.
On Oct. 29, a joint operation between GCNP and the Singapore Police Force recovered $12.8 million that had been stolen from a Singaporean petrochemical company in a business‑email‑compromise (BEC) scam.
The theft began after the Singapore firm was tricked through spoofed emails into moving the money to a suspicious account in Cambodia. Singapore police reported the incident on Monday and immediately asked Cambodian authorities to locate the funds.
GCNP credits the National Bank of Cambodia and other institutions for freezing the Cambodia‑based account and returning the cash to the victim. Their press release said the collaborative effort “successfully froze and returned them to the victim.”
The Straits Times reports that Singapore and Cambodian police worked together with OCBC Bank to trace and safeguard the transfer. The paper urged businesses to stay alert to email‑spoofing scams and provided a helpline and scam‑shield resources.