Domestic, foreign travellers must now declare cash of more than R100 000 – FIC

Domestic and foreign travellers must now declare cash in their possession above the threshold of R100 000 when crossing the country’s land and seaports, says national financial intelligence unit the Financial Intelligence Centre (FIC). From July 1, travellers crossing any of the country’s air, land or sea borders and who have in their possession cash, goods, currency and/or bearer negotiable instruments above the threshold of R100 000 will be required to declare this through the Customs and Excise traveller management system.

Raccontata daengineeringnews.co.za