On 10 May 2023, ICA officers at Singapore Cruise Centre uncovered large amounts of undeclared currencies carried by two Indonesian women who were arriving into Singapore by ferry.
Officers directed the two women for thorough checks after X-ray screening of their baggage and uncovered 3 stacks of currencies wrapped in plastic bags, placed inside two suitcases and a backpack. The total amount of undeclared foreign currencies was more than S$35,600 in value.
The case was referred to Singapore Police Force for further investigation.
Travellers are reminded that they are required by law to submit a full and accurate report to the Singapore Police Force if they are entering or leaving Singapore carrying a total value of Currency and Bearer Negotiable Instruments (CBNI) exceeding S$20,000 (or its equivalent in a currency). This reporting requirement is part of the efforts to combat international money laundering and terrorism financing.
Failure to report movement of physical currency or bearer negotiable instrument (“CBNI”) is an offence under Section 60(1) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (“CDSA”), 1992, which is punishable with a fine not exceeding S$50,000, or an imprisonment term not exceeding three years, or both. The CBNI may also be seized and upon conviction, may also be confiscated.
As Guardians of Our Borders, ICA is committed to protect Singapore by keeping our borders safe and secure, while facilitating trade and safe travel.
For more information on how to make a proper declaration, pls visit the following: https://www.ica.gov.sg/…/at-our…/for-travellers/CBNI
Here are what netizens think:
- Again, on the way to casino with the hope doubling it up before going back.
- Asking a friend to come along for the ride to sg can settle why need to so troublesome…
- When you travel to other countries, make sure you know the countries rules and regulations. It’s important.