Regulatory Alerts2009-01-16
Added · Updated
Handling of banknotes in circulation
The Hong Kong Monetary Authority issued this circular to remind retail banks of ongoing control requirements for handling banknotes during periods of increased circulation. Banks must ensure all ATM-loaded notes are authentic by sourcing them exclusively from issuing banks or validated machines, while branch counters must employ reliable validation equipment and trained staff. These measures are expected to be maintained on an ongoing basis to effectively detect and prevent the circulation of forged currency.
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