UNDECLARED CASH
On Jun 20, two Singaporean men and a woman of foreign nationality, aged between 31 and 50, were separately detected bringing cash of various currencies amounting to between S$30,000 and S$35,000 into Singapore without declaration.
Four men of foreign nationalities, aged between 37 and 61, were also detected moving cash of various currencies on Jun 22. The sum involved was between S$24,000 and S$109,000.
On Jun 23, three men of foreign nationalities were found to be carrying cash amounting to between S$22,000 and S$28,000. They were aged between 60 and 71.
Two of the 10 travellers were issued warnings, while six were fined a total of S$23,000, the agencies said.
“Investigations are ongoing into two travellers who carried money of various currencies exceeding S$140,000 in total, into Singapore without declaration,” said the agencies without specifying who the individuals were.
The authorities reminded members of the public that penalties for cross-border cash reporting regimes have been enhanced and that it is a requirement to declare the movement of cash if the total value exceeds S$20,000.
Travellers have to submit a declaration 72 hours before entering or leaving Singapore.
Anyone convicted of moving more than S$20,000 into or out of Singapore without declaring it can be jailed for up to three years, fined a maximum of S$50,000, or both. A confiscation order may also be issued for any part of the cash relating to the offence.
