Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 · 2020 Revised Edition · Part 6A · Cross Border Movements of Physical Currency and Bearer Negotiable Instruments
58. Object of this Part
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The object of this Part is to impose measures for the disclosure of information regarding movements of physical currency and bearer negotiable instruments into and out of Singapore for the purpose of detecting, investigating and prosecuting drug dealing offences and serious offences, and to allow the confiscation of any physical currency or bearer negotiable instrument moved, attempted to be moved, or received, in contravention of the requirements under this Part.[48A
physical currency
“physical currency” means the coin and printed money (whether of Singapore or of a foreign country) that —(a)is designated as legal tender; and(b)circulates as, and is customarily used and accepted as, a medium of exchange in the country of issue;