Overview

• The suspect allegedly presented the high-value note at a Clementi Avenue 3 bank on Aug 15 around 2pm for deposit.
• A counter staff member suspected it was fake, alerted a manager, and police arrested the man as the note was seized for investigations.
• He is scheduled to be charged on Sep 4 with using counterfeit currency as genuine, an offence punishable by up to 20 years' jail and a fine.
• Police urged caution over requests to convert or deposit large-denomination notes and advised minimal handling and immediate reporting of suspected counterfeits.
• MAS stopped issuing S$10,000 notes in 2014, though existing notes remain legal tender and may still appear in transactions.