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The Singapore Parliament discusses the abuse and privacy risks of Worldcoiaccount

According to Golden Finance, Singapore’s Deputy Prime Minister Heng Swee Keat expressed concerns in parliament about the risks of Worldcoi operating in Singapore, including the potential for Money Laundering through the sale of accounts. He emphasized that although according to current laws, Worldcoi does not provide payment services, buying and selling accounts may constitute illegal activities. The investigation is still ongoing and the public is warned not to transfer accounts, as there are risks of data privacy and criminal abuse.

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