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MAS to reveal details of illicit money cases
It'll also stop issuing $10,000 notes; formalise screening of bank customers
Published Wed, Jul 2, 2014 · 10:00 PM
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[SINGAPORE] The Monetary Authority of Singapore (MAS) yesterday sounded a stern warning to financial institutions over breaches in laws linked to anti-money laundering and counter- terrorism financing.
This comes as it plans to publish details of more severe penalties on financial institutions linked to such breaches.
Given the ri…
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