Man fined for not stating S$232000 in money when withdrawal Singapore – CNA

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SINGAPORE: A 31-year-old male was convicted on Wednesday (May 15) of unwell to news that he was carrying some-more than S$232,000 in money when withdrawal Singapore, military said.

Yiu Hoi Tung was fined S$7,000.

Police pronounced it was alerted on Nov 16, 2018 to a male carrying a vast volume of cash at Changi Airport Terminal 1.

“Investigations suggested that Yiu Hoi Tung was carrying opposite currencies value some-more than S$232,000 when he was attempting to leave Singapore and had unsuccessful to give a news to an certified officer in honour of a money movement,” it said.

Police reminded members of a open that it is a orthodox requirement to announce a earthy transformation of money surpassing S$20,000 or the homogeneous in unfamiliar banking when vacating Singapore.

Those who destroy to do so could be fined up to S$50,000, jailed adult to 3 years or both.

 

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