Effective 1 January 2010, travellers entering or leaving Malaysia with cash and/or negotiable bearer instruments (e.g. traveller's cheques, bearer cheques) exceeding an amount equivalent to USD10,000 must make a declaration in form Customs No. 22. This is in line with the global effort to combat money laundering and terrorism financing. The Customs form No. 22 will be made available at counters located before the Customs Checkpoints at all entry and exit points of Malaysia.
This is a requirement under section 23 of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) and is in line with the Special Recommendation IX by the Financial Action Task Force which requires countries to have measures in place to detect the physical cross border transportation of cash and negotiable bearer instruments. Travellers could be fined up to RM1 million and/or face imprisonment not exceeding a term of one year if they fail to declare or make a false declaration.
The Minister of Finance has given his approval for the invocation of section 23 of the Anti Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) effective 1 January 2010. This new requirement is in line with global efforts to combat money laundering and terrorist financing activities. Countries like Canada, United Kingdom, Australia, New Zealand, Japan, Philippines and Singapore have also adopted the same declaration requirement on the physical transport of cash and negotiable bearer instruments. The Royal Malaysian Customs is the competent authority responsible for enforcing this new requirement.
(or equivalent in foreign currency)
|Singapore||Singapore Police Force|| |
1 Nov 2007
S$30,000 or more
|Philippines||Central Bank of Philippines|| |
11 February 2006
US$10,000 or more
|Japan||Japan Customs|| |
1 June 2008
1 million yen or more
|New Zealand||New Zealand Customs|| |
11 February 2006
NZ$10,000 or more
|Australia||Australian Transaction Reports and Analysis Centre (AUSTRAC) |
and Australian Customs (for currency declaration)
13 December 2006
AUD$10,000 or more
|United Kingdom||HM Revenue and Customs|| |
15 June 2007
10,000 euros or more
|Canada||Canada Border Services Agency|| |
6 January 2003
For further information, members of the public can contact the Royal Malaysian Customs Department or Bank Negara Malaysia at the following contact points:
Public Relations Division
Royal Malaysian Customs Department Headquarters
Tel: 1-800-88-8855/+6 03-8882 4803/+6 03-8882 2929 or
Bank Negara Malaysia
BNMTELELINK (Customer Service Call Centre)
Tel: 1-300-88-5465 or
Source: Bank Negara Malaysia.
For an update of this post, you can read, Limit to bring cash in Malaysia.
Declare currency above USD10,000.