Singapore to stop issuing S$10,000 banknote to prevent money laundering

Singapore to stop issuing S$10,000 banknote to prevent

Jul 02, 2014 · SINGAPORE, July 2 (Reuters) – Singapore is to stop issuing S$10,000 ($8,000) notes, one of the world’s most valuable banknotes, as it tries to tighten its anti-money laundering controls.

Is the S$10,000 note usable in Singapore? – Quora

Singapore to stop issuing S$10,000 banknote to prevent money laundering The best chance you would have now is getting 10 of these bad boys… But then again, scenario 1 …

Singapore to stop issuing $10,000 banknote – Secura Monde

Singapore to stop issuing $10,000 banknote It was announced yesterday by the Monetary Authority of Singapore (MAS) that they will stop issuing $10,000 banknotes (£4,694) from 1st October 2014 in a bid to increase anti-money laundering controls.

Singapore to stop issuing $10,000 note to deter money

Singapore’s central bank said Thursday it would stop issuing $10,000 notes to help deter money laundering, with critics complaining the note is the bill of choice for bribe-payers in neighbouring Indonesia. A spokeswoman for the Monetary Authority of Singapore said the decision was “a pre

Singapore to stop issuing Sg$10,000 note to deter money

Singapore’s central bank said Thursday it would stop issuing Sg$10,000 ($8,000) notes to help deter money laundering, with critics complaining the note is the …

Singapore to stop issuing Sg$10,000 note to deter money

SINGAPORE: Singapore’s central bank said on Thursday it would stop issuing Sg$10,000 ($8,000) notes to help deter money laundering, with critics complaining the note is the bill of choice for

Singapore to stop issuing S$10,000 notes – TODAYonline

SINGAPORE — From Oct 1, S$10,000 notes will no longer be issued in a move to lower the risk of money laundering, the Monetary Authority of Singapore (MAS) said today (July 2).

Singapore to stop issuing $10,000 notes to combat money

Singapore will stop issuing new $10,000 notes as part of a broader move to strengthen its anti-money laundering and counter-terrorism financing regime.

PPATK urges Singapore to take S$10,000 note out of

Jul 07, 2014 · Despite its pledge to stop printing S$10,000 notes, Singapore will continue to print the S$1,000 bill, which is also considered one of the world’ s most valuable banknotes.

Where can i get a S$ 10,000 note – www.hardwarezone.com.sg

Feb 09, 2014 · fyi Singapore to stop issuing $10,000 banknote to prevent money laundering, News, News, AsiaOne Business News yea thats y i want it. it will be rare sooner or later 02-09-2014, 11:53 AM

Anti-Money Laundering / Countering the Financing of Terrorism

Anti-Money Laundering / Countering the Financing of Terrorism. Financial institutions operating in Singapore are required to put in place robust controls to detect and deter the flow of illicit funds through Singapore’s financial system.

Singapore Portrait Series currency notes – Wikipedia

The banknote’s obverse features the portrait of the first president of Singapore, $2 banknote. The money cowrie is featured on the obverse background of the $2 banknote. MAS discontinued issuing new $10,000 banknotes from 1 October 2014 as authorities suspect these notes are …

Financial Institutions: 3 Ways the Singapore Government Is

The Monetary Authority of Singapore Act (MAS Act) specifically provides the central bank with the power to govern the operations of financial institutions, by issuing directions or regulations for the prevention of money laundering or the financing of terrorism.

Anti Money Laundering (AML) in Singapore – Bank Training

In 2007, the Monetary Authority of Singapore, which regulates banking and other financial services, issued a notice entitled Prevention of Money Laundering and Countering the Financing of Terrorism to banks, addressing the need for enhanced Customer Due Diligence (CDD) measures in all financial transactions to prevent criminal behavior.