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

by May 27, 2019 Legal Judicial

A 60-year-old man, Ong Aswir Sulaiman, was convicted on 24 May 2019 for failing to report movement of currencies valued at more than S$900,000 when entering Singapore.

On 23 January 2019, the Police were alerted to a case of a man carrying cash exceeding S$20,000/- at the arrival hall of Changi Airport Terminal 3. Investigations revealed that Ong Aswir Sulaiman, a businessman, was carrying various currencies worth more than S$900,000 when he entered Singapore, and had failed to give a report to an authorised officer in respect of the cash movement.

On 24 May 2019, Ong Aswir Sulaiman was convicted and sentenced to a fine of S$12,000 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