Regulatory Alerts2025-04-01
Added · Updated
BCEAO Instruction 002-03-2025 Setting the Threshold for Intra-Community Physical Transport Declarations of Cash and Bearer Negotiable Instruments
The Governor of the Central Bank of West African States (BCEAO) has issued Instruction No. 002-03-2025 to establish a ten million (10,000,000) CFA franc threshold for mandatory intra-community physical transport declarations of cash and bearer negotiable instruments. Any individual entering or leaving a UMOA member state with amounts meeting or exceeding this threshold must declare them to the Customs Administration at the point of entry or exit. Non-compliance with this declaration requirement subjects the relevant persons to sanctions under the UMOA Uniform Act on combating money laundering, terrorist financing, and proliferation of weapons of mass destruction.
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