SINGAPORE: A 31-year-old man was convicted on Wednesday (May 15) of failing to report that he was carrying more than S$232,000 in cash when leaving Singapore, police said.
Yiu Hoi Tung was fined S$7,000.
Police said it was alerted on Nov 16, 2018 to a man carrying a large amount of cash at Changi Airport Terminal 1.
“Investigations revealed that Yiu Hoi Tung was carrying different currencies worth more than S$232,000 when he was attempting to leave Singapore and had failed to give a report to an authorised officer in respect of the cash movement,” it said.
Police reminded members of the public that it is a statutory requirement to declare the physical movement of cash exceeding S$20,000 or its equivalent in foreign currency when departing Singapore.
Those who fail to do so could be fined up to S$50,000, jailed up to three years or both.