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Travellers carrying over 20,000 into or out of S’pore to declare online
The Straits Times
|April 21, 2024
From May 13, all travellers entering and leaving Singapore will need to make an online declaration if they have more than $20,000 in cash or its equivalent in foreign currency.
The police said in a statement on April 19 that the move is aimed at making the existing declaration process simpler and more convenient.
Currently, such travellers have to submit a hard-copy form when they enter or leave the country.
This form, known as the Physical Currency and Bearer Negotiable Instruments (CBNI) declaration, will be discontinued on May 13.
Bearer negotiable instruments are items representing a sum of money, the title to which can be freely transferred between parties.
This story is from the April 21, 2024 edition of The Straits Times.
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