Singapore legislation
Section 68
of Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992
Section 68
Cash transaction reports
(1)
A prescribed person who enters into any cash transaction mentioned in section 67(1) must submit to a Suspicious Transaction Reporting Officer, within the prescribed time, a cash transaction report relating to that transaction in the prescribed form.
(2)
A prescribed person must maintain —
a copy of each cash transaction report submitted under subsection (1); and
a copy of each supporting document relied on in support of any information contained in that cash transaction report.
(3)
Any prescribed person who fails to comply with subsection (1) or (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 2 years or to both.[48J