3 publishers · first seen Thu, 29 Oct 2026 07:44 UTC · updated Thu, 29 Oct 2026 12:39 UTC
Cambodian and Singaporean authorities have recovered $12.8 million defrauded from a Singapore-based petrochemical company through a business email compromise (BEC) scam. The funds were transferred to a bank account in Cambodia on October 13 after the company received a fake authorisation letter bearing its business partner's signature and stamp, following initial payment instructions sent via email on October 1.
The scam was detected on October 26 when the actual business partner reported non-receipt of payment, prompting the Singapore Police Force (SPF) to alert Cambodian police and coordinate recovery efforts with the National Bank of Cambodia and OCBC Bank. The full amount was successfully traced and intercepted, with both countries' police forces highlighting the importance of cross-border cooperation in combating online financial fraud.
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