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Man Convicted For Failure To Report Movement Of Cash Exceeding S$20,000 Into Singapore

by April 29, 2019 Industry

A 39-year-old man, Ting Kee Yee, was convicted on 17 April 2019 for failing to report movement of currencies valued at more than S$136,000 when entering Singapore.

On 7 June 2018, the Police were alerted to a case of a man carrying cash exceeding S$20,000 at Woodlands Checkpoint. Investigations revealed that Ting Kee Yee was carrying Malaysian currencies worth more than S$136,000 when he entered Singapore, and had failed to give a report to an authorised officer in respect of the cash movement.

On 17 April 2019, Ting Kee Yee was convicted and sentenced to a fine of S$5,000 for failure to report movement of cash under Section 48C of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, Chapter 65A (CDSA). 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 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.

Source: Singapore Police Force