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
