Man fined S$30,000 for carrying more than S$1 million cash into S’pore without declaring
He had intended to use the money for gambling.
A man who was trying to bring S$300,000 cash into Singapore in an attempt to win big here got a hefty fine instead.
Alvin Lee Khai Wui, 37 was convicted on Oct. 17, 2019, for failing to report the movement of more than S$1.18 million cash in and out of Singapore over the course of about one year.
He was sentenced to a fine of S$30,000
Lee was caught on Feb. 22, 2018, when police were alerted to a case of a man carrying cash amounting to S$300,000 into Singapore at Tuas Checkpoint.
Investigations later revealed that Lee had intended to use the money to gamble at a casino in Singapore.
However, he had failed to submit a report of the cash movement to an authorised officer.
Investigations also found that he had committed 21 similar offences from June 2017 till the date he was caught.
For failing to report the movement of cash in and out of Singapore, Lee could have been fined up to S$50,000 or jailed for three years, or both.
Declaration of physical movement of any cash exceeding S$20,000 (or its equivalent in foreign currency) into or out of Singapore is a statutory requirement, and failure to do so constitutes an offence.
Top image by Kay via Unsplash