The Royal Malaysian Customs Anti-Money Laundering And
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
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.
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