From May 13, Singapore requires online cash and CBNI declarations for travelers with over $20,000.
From May 13, all travellers entering or leaving Singapore with more than $20,000 in cash or equivalent must make online declarations. The Singapore Police Force aims to simplify and streamline the process, discontinuing the current hardcopy form known as the Physical Currency and Bearer Negotiable Instruments (CBNI) declaration. CBNI declarations aid Singapore's efforts in combating criminal activities like money laundering.
April 19, 2024
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