SINGAPORE TO STOP ISSUING S$1,000 NOTES AS ‘PRE-EMPTIVE’ MOVE AGAINST MONEY LAUNDERING AND TERRORISM FINANCING

On 3 November, Today Online reported that, from January, Singapore will stop issuing S$1,000 notes to reduce the risk of them being used for money laundering or terrorism financing.  In 2014, Singapore discontinued issuing S$10,000 notes for similar reasons.  At the time, the notes were one of the highest-value denominations in the world.

https://www.todayonline.com/singapore/spore-stop-issuing-s1000-notes-pre-emptive-move-against-money-laundering-terrorism

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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