SINGAPORE – Seven travellers carrying more than $20,000 in undeclared cash each into Singapore were caught by the authorities, in a week-long enforcement operation at the borders.
Almost 13,000 travellers and 350 vehicles were checked, and over 14,000 pieces of luggage and hand-carry bags were scanned or searched from Sept 22 to Sept 28 by the police, Immigration and Checkpoints Authority (ICA) and Singapore Customs.
In a media release on Oct 5, the three agencies said the joint effort is part of ongoing efforts to detect and enforce against those who flout Singapore’s Cross-Border Cash Reporting Regime and take part in other illegal cross-border activities.
Three of the seven were issued fines totalling $13,000, two of them were issued warning letters, while the remaining two travellers had their cash seized for further investigations, according to the authorities.
The amounts of undeclared cash ranged between $20,400 and $51,000, with the higher amount found on a female foreign traveller, aged 40, on Sept 23.
Four of the seven were caught on Sept 28, with about $96,400 in undeclared cash in total.
It is a statutory requirement to report the cross-border physical movement of Cash or Bearer Negotiable Instruments (CBNIs) if the total value exceeds $20,000 or its equivalent in foreign currency, the authorities said.
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