CTS recalls: 4 February, comes into force the requirement that the proof of origin of money in the trafficking of large sums across borders in the EEU

When importing and exporting through the borders of the Eurasian economic Union (EEU) more than 100 thousand dollars in cash, the citizens will have to confirm legal origin of the money. The decision of the EEC Board shall enter into force on 4 February. In the EAEC includes Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan.

The money can be in any currency: their origin must be confirmed, if the amount exceeds the equivalent of 100 thousand dollars at the current rate. The new rule applies not only to cash but also monetary instruments and Bank checks, bills of exchange, securities.

To confirm the origin of the money, you can use documents that banks make when performing conversion operations, the issuance of money from the account or loan and with the help of documents confirming the making of civil law (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.

Across the customs border of the EEU without the submission of a passenger customs Declaration physical persons can carry cash in the amount not exceeding 10 000 US dollars or its equivalent in another currency. A larger amount must be declared. You must enter information in column 3 of the passenger customs Declaration. Cash on credit card not subject to Declaration.