What role does the National Scams List play in stopping scams?

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The National Scams List helps stop scams by letting banks block tainted accounts before fraud happens
Singapore’s National Scams List compiles bank accounts, phone lines, and online identities linked to scam activity, and shares that information with financial institutions. This enables banks to block suspicious accounts before they can be used to commit fraud, preventing scams from reaching potential victims. The list is a key initiative under the new Singapore Cyber Command launched on July 3.
It compiles specific scam-linked identifiers used by fraudsters
The National Scams List focuses on bank accounts, phone lines, and online identities that are tied to scam activity. By collecting these types of identifiers, the list targets the practical channels scammers use to contact victims and move proceeds.
It is shared with financial institutions for account blocking
The information on the National Scams List is shared with financial institutions. In practice, this sharing allows banks to take action on suspicious accounts rather than waiting until after victims are targeted.
It enables banks to pre-empt fraud through account blocks
The list has already helped pre-empt fraud by enabling banks to block suspicious accounts before they can be used for scams. This means the mechanism operates as an early filter, reducing the window in which scam-linked accounts can be activated.
It sits within a wider cybercrime disruption effort
The National Scams List is part of the broader mandate of Singapore’s newly launched Cyber Command, which consolidates anti-scam and digital security capabilities under one unit. The same command also includes a Digital Disruption Centre that monitors and removes online threats ranging from scams and ransomware to racially or religiously charged content.

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What role does the National Scams List play in stopping scams?

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