Singaporean fails to declare $213,000 in cash at airport, fined $6,000

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Singaporean fails to declare $213,000 in cash at airport, fined $6,000
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SINGAPORE - A 48-year-old man was fined $6,000 on Friday (March 29) for for failing to declare that he was carrying more than $60,000 in cash when entering Singapore.. Read more at straitstimes.com.

SINGAPORE - A 48-year-old man was fined $6,000 on Friday for for failing to declare that he was carrying more than $60,000 in cash when entering Singapore.

In a release on Friday, the police said Tan Wai Meng had failed to report the movement of currencies valued at more than $213,000 when entering the country. They were alerted to the incident at the arrival hall of Changi Airport Terminal 2 on Nov 3 last year.Investigations found that Tan, a watch enthusiast, was carrying various currencies worth more than $213,000 when he entered the country, and had failed to report the cash movement to an authorised officer.

Woman arrested at Changi Airport for failing to declare branded items worth over $11,000 for GST paymentThose found guilty of failing to report movement of cash can be fined up to $50,000, jailed up to three years, or both. Police also reminded the public that failure to declare movement of cash exceeding $20,000 is an offence.

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