PENANG INFORMATION - ROYAL MALAYSIAN CUSTOMS ACT




The Royal Malaysian Customs Anti-Money Laundering And

Anti-Terrorism Financing Act 2001

 

The Royal Malaysian Customs state that any person entering or leaving Malaysia with Cash and/or Negotiable Bearer Instruments exceeding an amount equivalent to USD10,000 must make a declaration in Customs Form No.22. This is a legal requirement under Section 23 of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001(AMLATFA )


The term Cash refers to local Ringgit Malaysia notes and coins, as well as foreign currency notes and coins.

The term Negotiable Bearer Instrument include :

i )     Monetary Instrument in bearer form
ii)     Negotiable Instrument endorsed without any restriction and issued to a fictitious payee, or otherwise in such
        form that the title thereto passes upon delivery.
iii)    Incomplete Instrument that is signed but the payee's name intentionally omitted.

Negotiable Bearer Instrument include Traveller's cheques, Bankers' Draft, Bearer Cheques, Bills Of Exchange, Promissory Notes, Postal Orders and Money Orders.

Customs Declaration Form No.22 can be obtained at the Customs checkpoint counters. Customs Officers on duty should be able to provide assistance, if required. The customs form after completion and duly signed and dated should be submitted to the customs officer.

Failure to declare or make false declaration is an offence under AMLATFA, and is liable to a Fine not exceeding RM1,000,000 and/or imprisonment not exceeding a term of one year. The cash and negotiable bearer instruments may also be subject to seizure or forfeiture.

For further information enquiries, please contact: 
Royal Malaysian Customs Department Bank Negara Malaysia ( Central Bank Of Malaysia )
Email : kastam@customs.gov.my
           aduan@customs.gov.my
Tel : 1-800-88-88556  ;  +6 03-8882 4803
Email : bnmtelelink@bnm.gov.my
Tel : 1-300-88-5465
Fax : +6 03-2174 1515


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