Singaporean law enforcement agencies, including the police and customs, recently conducted a week-long operation at various border checkpoints to enforce mandatory cash declaration regulations. During this period, officials screened thousands of travelers and luggage, identifying seven individuals attempting to transport sums exceeding the S$20,000 reporting threshold without proper documentation. The seized amounts ranged from S$20,400 to S$51,000 per person. Following these incidents, authorities issued warnings to two travelers, imposed composition fines totaling S$13,000 on three others, and initiated investigations into the remaining two cases involving cash seizures. Singapore law requires individuals to declare any cash or negotiable instruments valued above S$20,000 within 72 hours of their arrival or departure. Failure to comply with these disclosure requirements can result in significant financial penalties or imprisonment.
Source : VnExpress International
Photo : VnExpress International
