Man fined for failing to declare $440,000 cash when entering Singapore

09-Sep-2019 Intellasia | CNA | 6:02 AM Print This Post

A 49-year-old man was fined on Friday (Sep 6) for failing to declare that he was carrying $440,000 in cash when entering Singapore.

Police were alerted on April 12 last year that Zhang Jizhong was carrying a large amount of cash at the arrival hall of Changi Airport Terminal 2.

Investigations revealed that Zhang had brought in $440,000 in cashvalued at more than S$576,000 at that timeand had failed to “give a report to an authorised officer”, Singapore Police Force said in a news release on Friday.

Zhang was convicted and fined S$8,000.

He could have been jailed for up to three years, fined a maximum of S$50,000, or both.

“The police would like to remind the public of the statutory requirement to declare the physical 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,” the news release added.


Category: Singapore

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