The new controls for declaring the funds when they are entered and removed across the Iraqi border

by **claud39** Tue Feb 19, 2019 6:33 am

http://non14.net/109206/

The new controls for declaring the funds when they are entered and removed across the Iraqi border

18-02-2019

The new controls for declaring the funds when they are entered and removed across the Iraqi border 15504976031

The Customs Authority announced on Monday the new controls for the authorization of funds when they are entered and removed across the Iraqi border issued by the Central Bank of Iraq / AML / CFT.
The Commission said in a statement received by the news agency Noun, a copy of it, that "based on the provisions of the paragraph paragraph (IV - Article 7) and the provisions of articles 34 and 35 of the Law on the fight against money laundering and the financing of terrorism on the obligation of each person upon entering Iraq or leaving the declaration upon request Of the representative of the General Authority of Customs on the carrying of money, currency or negotiable financial instruments to the holder or transferred to inside or outside Iraq through a person or a postal service or a shipping service or by any other means.

The Customs Authority added that "it was decided on each passenger upon entering or leaving Iraqi territory to authorize the money more than (ten thousand) ten thousand dollars or the equivalent in other foreign currencies."
"The citizen must also declare the precious stones and precious metals if they exceed the value of (10,000) ten thousand dollars," noting that "the citizen" also to disclose the negotiable financial instruments of the holder or transferred in Iraq or abroad through a person or service Postal or shipping service or any other means which exceed the value of (10,000) ten thousand dollars. "
The TRA stated that "Passengers shall declare to the employees of the Customs General Authority at the airport or the border crossing points in the Republic of Iraq according to the form attached to these regulations. The limits mentioned in item 1 shall apply to persons over the age of 18 years. Over the age of 18 years, the money in their possession must be added to the limit allowed to the guardian. "
"The entry and exit of the Iraqi currency into and out of Iraq is restricted to the authorized limit of 200,000 Iraqi Dinars. In the event that an amount higher than that limit is transferred through a person, postal service, shipping service or any other means, Which exceeds the limit and fill out the authorization form and send it to the AML / CFT Office. "
The customs authorities shall exercise their duties in the customs and customs boundaries and shall exercise their powers over the territory, the territorial sea and inland water, including lakes, rivers, marshes and marshes in accordance with the provisions of this law.