Malaysia declares new travel rule
Kuala Lumpur, Dec 24, PTI:
In a bid to combat money laundering and terror finance, Malaysian officials have announced a new rule under which travellers entering or leaving the country carrying more than US $10,000 must declare to the Customs Department.
The new rule, which will be enforced at all airports and seaports from January 1, would cover currency notes, coins, banker’s drafts, cheques and traveller’s cheques, Malaysia’s Central Bank, Bank Negara, said in a statement here on Thursday. Those travelling with that amount must fill up a new form available at counters located near the Customs checkpoints at all entry and exit points.
