06 September 2019

Man Convicted For Failure To Report Movement Of Cash Exceeding S$20,000 Into Singapore

A 49-year-old man, Zhang Jizhong, was convicted on 6 September 2019 for failing to report movement of U.S. currency valued at more than S$576,000 when entering Singapore.

On 12 April 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 Zhang Jizhong was carrying US$440,000 when entering Singapore, and had failed to give a report to an authorised officer in respect of the cash movement.

On 6 September 2019, Zhang Jizhong was convicted and sentenced to a fine of S$8,000 for failure to report movement of cash under Section 48C of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, Chapter 65A (“CDSA”). Anyone who is convicted of failure to report movement of cash under Section 48C 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.

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.

06 September 2019 @ 6:00PM

Last Updated on 09 September 2019