According to the media release, a 24-year-old man was arrested for his involvement in using counterfeit currency. The police were alerted on the 26 May 2020, after a retailer received 3 pieces of $100 counterfeit bills for his purchase.
After investigations, the commercial affairs officer managed to identify the suspect and arrested him on the 29 May 2020. He has been linked to a similar case which happened on the 27 May 2020 as well. A total of $800 of counterfeit bills were seized during the investigation.
The man will be charged on the 30 May 2020 for his offence. if convicted he will face a jail term up to 20 years and fine.
According to the Monetary Authorities of Singapore:
“Singapore currency notes and coins have various advanced security features, including visually recognisable, machine-readable and covert features, to minimise the risk of counterfeiting. While the number of counterfeit Singapore currency is very low, the public is advised to be vigilant and to familiarise themselves with the key security features of genuine currency.”