S Korean fined for attempting to leave Singapore with $7m winnings

SINGAPORE - A South Korean man, who had been caught trying to move $7 million of casino winnings in travel bags out of Singapore, was fined S$30,000 yesterday.

MediaCorp understands this is the largest amount of undeclared money a person has tried to smuggle out of the country.

Kim Woo Yeong, 28, who is based in the Philippines, was caught at the Changi Airport Budget Terminal on Aug 24.

Anyone moving cash amounting to more than $30,000 in or out of the country would have to declare the money.

He could have been jailed up to three years, fined a maximum of $50,000 or both.
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