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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
Thursday, July 3, 2014 - 06:00

[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

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