The Monetary Authority of Singapore (MAS) stopped issuing S$10,000 notes on Oct 1, 2014, but existing S$10,000 notes in circulation are still legal tender.
The punishment for passing off counterfeit currency notes as genuine is a jail term of up to 20 years and a fine.
“The police take a serious view of any person found criminally involved in counterfeit currency,” they said.
The police also reminded the public to be cautious of individuals offering money in exchange for assistance to convert fake S$10,000 or other large denomination currency notes with genuine currency of smaller denominations, or for depositing such notes at banks or other financial institutions.
Information on the security features of genuine Singapore currency can be found on the MAS website.
