Gerald Giam asks if seized scam assets can be returned to victims

Could seized scam assets be returned to victims instead of being forfeited to the government? During a debate on the second reading of the Scams Countermeasures and Other Matters Bill in parliament on Wednesday (Sep 9), Aljunied GRC MP Gerald Giam asked whether a structured restitution mechanism could be developed so that scam victims who have lost their life savings “do not go home empty-handed”. Senior Minister of State for Home Affairs Goh Pei Ming said it would be difficult to distribute recovered funds equitably because scam proceeds are often commingled and moved through multiple accounts, making it difficult to trace the funds and attribute them to individual victims. He also cited the risk of moral hazard if victims were guaranteed a minimum repayment. #singapore #sgnews Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms: https://www.facebook.com/channelnewsasia https://www.instagram.com/channelnewsasia https://www.tiktok.com/@channelnewsasia