Today-Nov 3

From January next year, Singapore will stop issuing S$1,000 notes to reduce the risk of them being used for money laundering or terrorism financing. It added that the move is a “pre-emptive measure to mitigate the higher money laundering and terrorism financing risks associated with large denomination notes”, and is “aligned with international norms”. 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.

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