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Gold smuggling


Fcw75
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..... its only cash of $20k need to report.

does Singapore restrict the amount of money one can bring out of the country? I tot they only restrict the amount of money one can bring into the country. I got it wrong all this while.
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Singapore doesn't limit the amount of money in/out of the country.

 

Travelers entering / leaving SGP will need to give a report if they are carrying more than S$20k.

 

Report only. You can carry $1m give report describing its movement and carry on.

 

This DPRK guy no need to submit report if he only transit and does not enter Singapore.

 

As to why only need to report currency and not other things like gold, it's like asking how long is a piece of string. Why not diamond, washing machines, TVs?

 

Happy reading at:

http://www.cad.gov.sg/aml-cft/suspicious-transaction-reporting-office/reporting-of-cross-border-movements-of-physical-currency-and-bearer-negotiable-instruments

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The airline crew with golden shoes . . .

 

 

http://vietnamnews.vn/society/269164/two-vna-crew-members-conceal-6kg-of-gold.html

 

 

HA NOI (VNS) — The Aviation Administration of Viet Nam said yesterday

that South Korean police had detained two Viet Nam Airlines (VNA) crew members for concealing 6 kg of gold in their shoes.

 

The two VNA crew members of flight VN426, travelling from Ha Noi to Gimhae, South Korea,

were caught as they went through the security gate at Gimhae airport on March 10, after their flight had landed, a South Korean newspaper reported.

 

Flight attendant Nguyen Tuan Phong had concealed two gold ingots, and captain Nguyen Van Dung had concealed four gold ingots. Each ingot weighed approximately 1kg.

 

South Korean authorities have not given Viet Nam any official details for the moment, a spokesman for VNA said.

The Aviation Administration of Vietnam and VNA are continuing to follow the case. — VNS

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