Moving across the border with large sums of money, be ready to confirm their origin

Kursk customs informs residents of the Kursk and Orel regions that from 4 February 2020 at checkpoints across the customs border of the Eurasian economic Union with one movement of one physical person of cash and/or monetary instruments in excess of $ 100 thousand US dollars you will need to confirm their origin.

Across the customs border of the EEU without the submission of a passenger customs Declaration physical persons can move cash in an amount not exceeding 10,000 US dollars or its equivalent in another currency.

The amount of more than 10,000 U.S. dollars subject to Declaration by making appropriate information in column 3 of the passenger customs Declaration. Cash on credit card not subject to Declaration.

With one movement of one individual through the customs border of the Eurasian economic Union (EEU) of cash and (or) monetary instruments in excess of 100 thousand U.S. dollars concurrently with the submission of a passenger customs Declaration should be submitted documents confirming the origin of cash and (or) monetary instruments.

As supporting documents can be used in documents drawn up by credit institutions when making FX transactions, withdrawing funds from the account, obtaining credit, proof of the Commission of civil law transactions (inheritance, gift, etc.).

In case of non-relevant documents the movement across the customs border of the EAEU of cash and (or) monetary instruments is not allowed.

Our reference: the decision to require proof of the origin of cash taken on 6 August 2019 the Board of the Eurasian economic Commission in accordance with paragraph 9 of article 109 and paragraph 9 of paragraph 1 of article 261 of the Customs code of the EAEU and focused on the implementation of recommendation 32 “cash Couriers” Group of development of financial measures of struggle against money-laundering (FATF). This recommendation was developed to provide countries participating in the FATF measures to identify and stop the physical cross-border transportation of cash and negotiable instruments in bearer form, which can be used for the financing of terrorism or legalization of proceeds of crime.

Sergey Bryantsev,
press Secretary of the Kursk customs