SINGAPORE: As of May 13, any travelers bringing more than S$20,000 (US$14,700) in cash into or out of Singapore are required to disclose it online. Anyone holding traveler’s checks, money orders, and postal orders for more than S$20,000 must also declare them. Travelers must currently turn in their declarations in hard copy. On May 13, this will no longer be available.
The Singapore Police Force (SPF) stated in a news release on Friday, April 19, that “we will be moving such declarations online to make such declarations simpler and more convenient.”
The police stated that the declarations support Singapore’s efforts to fight illegal activities like money laundering and added that similar regulations are typical in many other nations. Starting May 10, the new online declaration form can be accessed through the MyICA app or the Immigration and Checkpoints Authority (ICA) website.
It will be necessary for travelers to disclose their personal information, the nation or area to which the funds are being transferred, and the purpose behind the transfer.
The kinds and quantities of cash and bearable negotiable instruments and, if applicable, their sources and beneficiaries, must also be mentioned. After completing the online Singapore Arrival Card form, visitors can “submit cash declaration” upon arrival.
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