Travellers carrying over USD 10,000 out of the country must explain source

Individuals carrying cash exceeding USD 10,000 will now be required to reveal the source of their funds and properly declare the sum before departing the country.

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Deputy Commissioner General of Customs Ibrahim Mafaz -- Photo: Mihaaru

Ameera Osmanagic

2024-05-12 20:04:20

Travellers carrying over USD 10,000 in cash out of the country must now explain the source of funds to authorities, revealed Minister of Homeland Security and Technology Ali Ihusan today.

Speaking at a joint press conference held by the Ministry and its subsidiary agencies, Minster Ihusan said that Maldives Customs' cash declaration regulation has now been amended to make divulging the source of funds exceeding USD 10,000 compulsory.

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