SINGAPORE: A 49-year-old man was fined on Friday for failing to declare that he was carrying US$440,000 in cash when entering Singapore.
Police were alerted on Apr 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 US$440,000 in cash - valued at more than S$576,000 at that time - and had failed to “give a report to an authorised officer”, Singapore Police Force said in a news release on Friday.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 into or out of Singapore, and failure to do so constitutes an offence,” the news release added.
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