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wn.com - 3 days ago

Explained: Oman customs issues comprehensive rules for cash declarations at borders to curb money laundering

Oman Customs has introduced detailed guidelines for travelers carrying cash or bearer-negotiable instruments across its borders, strengthening the country’s commitment to combat money laundering and terrorism financing. The new framework outlines declaration thresholds, documentation requirements, and strict penalties for violations, ensuring compliance with both domestic and international financial regulations.Mandatory declarations for cash and negotiable instrumentsAll individuals entering, leaving, or transiting through Oman are now required to declare any cash or bearer-negotiable instruments valued at RO6,000 or more, or the equivalent in other currencies.This requirement also extends...


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