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Maldives Customs
New regulation requires declaration of cash over USD 20k
The new regulation lowered the amount to be declared by USD 10,000
Humaam Ali, Raajje.mv | 18 ޖެނުއަރީ 2019 | ހުކުރު 11:19
Physical cash
A new regulation now requires the declaration of physical cash over USD 20,000 at Maldives Customs.
The change was made to the Prevention of Money Laundering and Financing of Terrorism Act.
Article 24(a), pertaining to the obligation to report transportation of cash or bearer negotiable instruments in and out of the Maldives, lowered the amount of cash to be reported from USD 30,000 to USD 20,000.
