This new reporting requirement is pursuant to the Anti-Money Laundering Order, 2000 and is in line with international standards, which require countries to have measures in place to detect the physical cross border movement of cash and bearer negotiable instruments. Failure to give a full and accurate report can be fined not exceeding BND50,000, imprisoned for a term not exceeding 3 years or both.
This declaration requirement is not a restriction to bringing in or taking out of Brunei Darussalam, any type of document of physical currency and bearer negotiable instruments. The public are advised to read General Information section which contains further information on the currency declaration requirements before filling in the form.
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