Travellers to declare if they bring more than S$30,000 into S'pore
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.
-News courtesy of Channel Newsasia-
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