Singapore implemented the reporting of cross border movements of physical currency and bearer negotiable instruments into and out of Singapore on 1 November 2007. This is part of Singapore’s overall efforts to combat transnational crime, money laundering and terrorism financing. A traveller who enters or leaves Singapore is required to give a report if he carries with him an amount exceeding Singapore dollars 30,000 (or its equivalent in a foreign currency). The report shall be handed over to the immigration officer at the Customs Red Channel on arrival in Singapore, and at the immigration counter on departure from Singapore. The form “Physical Currency and Bearer Negotiable Instruments Report (Traveller)” which is available in the English, Chinese, Malay and Japanese languages, can be obtained from the immigration card counter, Singapore Visitor Centre, police post and the airlines. You can approach any immigration officer for assistance to complete the report.  |
You may wish to visit Singapore Police Force website for more information as the law also covers receipt from outside Singapore as well as movement through cargo, post and other means. Please note that this is NOT a currency control regime. There is no restriction on the type or amount that can be moved into or out of Singapore as long as a report is given.
To view/download the form, please click here. |