SINGAPORE: All travellers entering or leaving Singapore with more than S$20,000 (US$14,700) in cash must declare them online from May 13.
Those carrying over S$20,000 of bearable negotiable instruments – such as traveller’s cheques, money orders and postal orders – will also have to declare them.
Currently, travellers are required to submit their declarations in hard copy. This will be discontinued on May 13.
“To make such declarations simpler and more convenient, we will be moving such declarations online,” said the Singapore Police Force (SPF) in a news release on Friday (Apr 19).
The declarations aid Singapore’s efforts to combat criminal activity such as money laundering, said the police, adding that such requirements are common in many countries.
Travellers who fail to make a full and accurate declaration of the cash and bearable negotiable instruments can be jailed for up to three years, fined up to S$50,000, or both.
