Regulation on Cross Border Cash Declaration Amount

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Regulation on the Reporting Threshold for Cash Entering or Leaving the Maldives Regulation No. B-111: R2015/22 March 2015 (Effective from 17 February 2021, including subsequent amendments)

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Regulation on the Reporting Threshold for Cash Entering or Leaving the Maldives This regulation is drafted under Article 24(a) and Article 75(h)(3) of Act No. 10/2014 (the Proceeds of Crime and Terrorism Financing Prevention Act).

Definitions. 1
For the purposes of this regulation, "Regulation on the Reporting Threshold for Cash Entering or Leaving the Maldives" is defined as such.

Effective Date. 2
This regulation shall come into effect on the date of its publication in the Gazette of the Government of Maldives.

Reporting Threshold. 3
Under Article 24(a) of Act No. 10/2014 (the Proceeds of Crime and Terrorism Financing Prevention Act), any person carrying cash entering or leaving the Maldives must report to the Maldives Monetary Services if the amount is:

• USD 10,000 (Ten Thousand) or more;
• More than the equivalent of USD 10,000;
• More than the equivalent of Maldivian Rufiyaa or other currencies.

Obligation to Report Cash Entering or Leaving the Maldives. 4