A 48-year-old man, Tan Wai Meng, was convicted on 29 March 2019 for failing to report movement of currencies valued at more than S$213,000 when entering Singapore.
On 3 November 2018, the Police were alerted to a case of a man carrying cash exceeding S$20,000/- at the arrival hall of Changi Airport Terminal 2. Investigations revealed that Tan Wai Meng, who was a watch enthusiast, was found to be carrying various currencies worth more than S$213,000 when he entered Singapore, and had failed to give a report to an authorised officer in respect of the cash movement.
On 29 March 2019, Tan Wai Meng was convicted and sentenced to a fine of S$6,000/- for failure to report movement of cash under Section 48C(1), punishable under Section 48C(2), of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, Chapter 65A (CDSA).
The Police would like to remind the public of the statutory requirement to declare the physical movement of any cash exceeding S$20,000 or its equivalent in foreign currency into or out of Singapore, and failure to do so constitutes an offence. Anyone who is convicted of failure to report movement of cash under Section 48C(1) of the CDSA is liable to a fine not exceeding S$50,000 or to imprisonment for a term up to 3 years or to both.
SINGAPORE POLICE FORCE
29 March 2019 @ 4:00 PM