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Counterfeit money is currency produced outside of the legal sanction of a state or government, usually in a deliberate attempt to imitate that currency and so as to deceive its recipient. Producing or using counterfeit money is a form of fraud or forgery , and is illegal in all jurisdictions of the world.
It is the biggest money laundering case in Singapore, and among the biggest in the world, [2] involving assets worth 3 billion Singapore dollars. [ 3 ] Initially, only 1 billion Singapore dollars worth of assets was either seized, frozen or issued prohibition of disposal orders although the value of assets involved would later balloon to 3 ...
Scammers are using fake toll-collection texts to steal bank information, authorities warned. Avoid clicking suspicious links and report scams to protect your personal data.
The report can start with any employee of a financial services institution. The employees are trained to be alert for suspicious activity, such as situations where people are trying to wire money out of the country without identification, or activity by someone with no job who starts depositing large amounts of cash into an account.
The total value of assets seized in Singapore's biggest money laundering case has swelled to S$2.4 billion ($1.76 billion), police said on Wednesday. The assets now include cash amounting to more ...
SINGAPORE (Reuters) -Singapore said it was expecting more arrests and seizures as the Asian financial hub investigates one of its biggest cases of suspected money laundering, in which the value of ...
The CBCDG was established by the G10 central banks in 2000, in order to counter the threat of computer-based banknote counterfeiting. [2]In 2004, CBCDG announced the development of a "Counterfeit Deterrence System" (CDS) incorporating a technical means for the detection of banknotes. [3]
Singapore has in recent years seen an influx of foreign money. Latest figures from the central bank show that total assets under management in Singapore rose 16% in 2021 to S$5.4 trillion ...