AMMAN — Anyone entering or leaving the
Kingdom must now declare any cash or bearer negotiable instruments valued in excess of JD10,000, according to the Jordan News Agency, Petra.
اضافة اعلان
The department has started implementing the new measures in line with the Anti-Money Laundering and Terrorist Financing Law No. 20 of 2021 issued September 16 and published in the Official Gazette.
According to the new law, every person, upon arrival or departure from the Kingdom, must declare cash or bearer negotiable instruments valued over JD10,000 or its equivalent in foreign currency to the Customs Department.
The declaration applies to cross-border mail and shipping.
The submission of the declaration is mandatory under the provisions of Paragraph A of Article 23 of the Anti-Money Laundering and Terrorist Financing Law No. 20 of 2021.
Any one who fails to submit a statement or submits false information or is suspected of holding cash or negotiable tools linked to money laundering or terrorist financing, is subject to legal accountability.
The Customs Department has the authority to refer violators to the Public Prosecutor.
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