KUALA LUMPUR, July 3 — It goes without saying that many Malaysians frequently travel to Singapore for both business and leisure due to longstanding ties between the two...
In court, Mais and Hindu family agree man won’t be reburied according to Islamic rites; next-of-kin to inherit assets
This March, for example, the number of Malaysian visitors to the island nation peaked, registering a figure of 120,256, according to data from the Department of Statistics Singapore. Singapore authorities said these new rules are part of measures to combat terrorism financing, money laundering and tax evasion and has led to a crackdown on undeclared cash at airports.said that during a week-long joint enforcement operation at Singapore Changi Airport, 87 travellers were caught carrying undeclared cash exceeding S$20,000 or failing to pay taxes on items like cigarettes and liquor.
Director of the Centre for Banking and Finance Law at the National University of Singapore’s law faculty Associate Professor Sandra Booysen said these declarations help authorities to track suspicious money flows.
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