A 42-year-old man, Tien Siong Chye, was convicted on 4 November 2019 for failing to report movement of cash of various currencies amounting to more than S$254,000 when entering Singapore.
On 18 February 2019, the Police were alerted to a case of a man carrying cash exceeding S$20,000 at the arrival car counter of Woodlands Checkpoint. Investigations revealed that Tien Siong Chye was entering Singapore and was found in possession of stacks of Singapore dollars and monies in 10 other foreign currencies, total amounting to more than S$254,000 equivalent. He had failed to give a report to an authorised officer in respect of the cash movement, as required by Section 48C of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, Chapter 65A (“CDSA”).
Tien Siong Chye was sentenced to a fine of S$6,000 for one count of failure to report movement of cash under Section 48C of the CDSA, Chapter 65A. 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 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.
SINGAPORE POLICE FORCE
04 November 2019 @ 9:50 PM