Here's what you did...Babunski wrote: ↑Thu, 04 Mar 2021 11:52 amHi,
I am new member and actually do not live in Singapore. I have a bank account in Singapore and recently that account was freezed by police. I made a foreign currency deal with licensed money changer in Indonesia, sent the IDR to their account and they transfer the amount to me through a Singaporean bank account. Apparently that transaction is involved in scam according to police (I dont know details of the scam).
I chased the money changer asking for their responsibility. They said they purchased such SGD from another money changer, and such money changers deal with multiple agents and at the end of the leg was the scammer.
I dont know what to do and was told by the police that they will investigate, and until then my account will be freezed (will take 6months). Anyone has similar experience? I want to know what I should do, and what’s gonna happened to the money and my account.
It was a great deal, wasn't it? You get basically free money for letting someone use your bank account... move some money in... move some money out. And how much did they pay you for this?I made a foreign currency deal with licensed money changer in Indonesia
Advice on this forum is free. Feel free to spend actual money seeking advice from a solicitor (which is really what you should do), particularly if you are an innocent party in this. You need to being preparing a defence.Babunski wrote: ↑Thu, 04 Mar 2021 11:04 pmFor those who threw sarcasm comment: I didnt even make money from those transaction. I made an FX deal with a licensed money changer here at market rate.
I was asking if somebody had experience on this so if you have not, then dont need to be rude like you’re the smartest guy in the world. FYI I have a business and dont even think of making money from the transaction.
It's possible there was a rogue employee in the money changer who used your money for nefarious purposes. This is not unheard of in Indonesia.Babunski wrote: ↑Fri, 05 Mar 2021 9:38 amI sent lumpsum amount to the money exchange company account, and that company is licensed and registered as stated in website of OJK/financial institution regulator here.
It is disappointing to know that people think I’m a money launderer or mules once they know I’m from Indonesia, even that I already said it is a licensed money exchange in my first post. And no I didnt gain anything, I paid market rate.
Maybe because you have access to the regular banking system and are not from Indonesia?
I don't think I did. I agree Indonesia's banking system is difficult but there are many hundreds of thousands of FX TX every year that are not intercepted so what did OP do wrong I wonder?tiktok wrote: ↑Sun, 07 Mar 2021 1:45 pmMaybe because you have access to the regular banking system and are not from Indonesia?
The place I work for operates around the world. In Indonesia, many retail customers have to use third party payment agents to transfer money in and out. I don't know why but I can only assume that many people have issues with banks there.
I would think twice about calling the OP a "stupid idiot".
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