Travellers must declare if they bring S$30K or more
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Travellers must declare if they bring S$30,000 or more into S'pore
SINGAPORE: Police have arrested three foreigners who failed to declare that they had more than S$30,000 with them when they entered Singapore.
A 26-year-old Indonesian man was arrested at the Singapore Cruise Centre on Thursday for failing to declare accurately that he had over 400 million Indonesian Rupiah or about S$56,700 in his possession.
On the same day, two Malaysian men in their mid-40s were detained at the Tuas Checkpoint for not declaring that they had over S$150,000 on them.
The police remind travellers to declare to the authorities when they are bringing S$30,000 or more in physical currency into Singapore.
This reporting requirement was implemented on 1 November 2007 and is part of Singapore's efforts to combat money laundering, terrorism financing and other transnational crime.
There is no restriction on the type or amount of physical currency which can be brought in or out of Singapore.
Anyone who fails to declare accurately the amount brought in could be fined up to S$50,000, jailed for up to three years, or both.- CNA/vm
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Point noted. But I doubt I will ever bring such amts in...
