{"id":6246,"date":"2022-02-21T11:01:00","date_gmt":"2022-02-21T11:01:00","guid":{"rendered":"https:\/\/fazz.com\/sg\/?p=1817"},"modified":"2024-01-12T15:46:25","modified_gmt":"2024-01-12T08:46:25","slug":"home-affairs-national-day-award","status":"publish","type":"post","link":"https:\/\/fazz.com\/newsroom\/business\/home-affairs-national-day-award\/","title":{"rendered":"Fazz Business (formerly Xfers) achieves the Minister of Home Affairs National Day Award 2021 for its efforts against cybercrime, money laundering & fraud"},"content":{"rendered":"\n

43% of overall crimes in Singapore were cybercrimes, according to the latest report<\/a> published by the Cyber Security Agency of Singapore in 2020. This trend is only set to rise from there.<\/p>\n\n\n\n

Many cybercrimes have innate ties to money laundering and its related frauds or scams, so it is essential to keep yourself and your business safe. Cybercriminals have gotten more advanced as technology speeds towards the bleeding edge. In Singapore at least, cybercriminals have been taking advantage of COVID contact tracing<\/a> apps and home technical support to trick their users into divulging their bank account log-in credentials.<\/p>\n\n\n\n

Through our commitment to fighting cybercrime, money laundering & fraud, Fazz Business (formerly Xfers) has achieved one of the highest honours in Singapore: receiving the Minister of Home Affairs National Day Award 2021.<\/p>\n\n\n\n

Fazz Business awarded the Minister of Home Affairs National Day Award 2021<\/strong><\/h2>\n\n\n\n

The Minister of Home Affairs National Day Award 2021 is one of the most prestigious national awards in Singapore. It is awarded to a select few who demonstrate their contributions to keeping Singapore safe and secure. Fazz Business is very proud to have received this award.<\/p>\n\n\n\n

\u201cThrough your contributions, you have distinguished yourself by displaying outstanding dedication and competency in your area of work. Thank you for your contributions.\u201d, said Singapore Minister of Home Affairs, Mr. K. Shanmugam in his congratulatory email to Fazz Business.<\/p>\n\n\n\n

Fazz Business\u2019 Minister of Home Affairs National Day Award 2021 joins the ranks of other SPF awards for fighting cybercrime, money laundering, and fraud<\/strong><\/h2>\n\n\n\n

Fazz Business has been recognised by the Singapore Police Force (SPF) not once, but thrice for our efforts against cybercrime, money laundering and scam intervention. <\/p>\n\n\n\n

Fazz Business received its first award in 2018<\/a>, for stopping cybercrime involving six victims. One of the victims managed to recover approximately S$40,000 from the cybercrime, with the help of Fazz Business and the Singapore Police Force (SPF).<\/p>\n\n\n\n

In 2020, Fazz Business received its second award<\/a>, for stopping cybercrime involving one victim. Fazz Business and the Singapore Police Force (SPF) managed to help the victim recover over S$14,500.<\/p>\n\n\n\n

2021 was the year that Fazz Business received its third award<\/a>, the Outstanding Community Partnership Award, for our efforts against scams, cybercrimes, and money laundering. Receiving such an award is a testament to Fazz Business’s longstanding commitment to our users\u2019 safety and security, as well as to maintaining our relationships with lawmakers and law enforcers.<\/p>\n\n\n\n

Now, in 2022, Fazz Business (formerly Xfers) receives its fourth and highest award, the Minister of Home Affairs National Day Award 2021.<\/p>\n\n\n\n

How does Fazz Business combat cybercrime, money laundering & fraud?<\/strong><\/h2>\n\n\n\n

Fazz Business is informed of potential fraud through several sources:<\/p>\n\n\n\n