Singapore legislation
Section 62
of Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992
Section 62
Reports about receipts of cash from outside Singapore
(1)
A person who receives cash the total value of which exceeds the prescribed amount (or its equivalent in a foreign currency), which is moved to the person from outside Singapore, must make a report in respect of the receipt in accordance with this section before the end of the period of 5 business days beginning on the day of the receipt.
(2)
A person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 3 years or to both.
(3)
It is a defence for a person charged with an offence under subsection (2) to prove that the person did not know and had no reasonable ground to believe that the cash was moved from outside Singapore.
(4)
A report under this section must —
be in the prescribed form;
contain full and accurate information relating to the receipt being reported as is specified in the form; and
be given to a Suspicious Transaction Reporting Officer.
(5)
The Minister may make regulations for the matters referred to in this section.[48E