Monday, August 11, 2008

Declare cash, jewelry worth over SR60,000 when traveling in and out of KSA

Filipino travelers, including overseas Filipino workers (OFWs) traveling in and out in the Kingdom of Saudi Arabia are advised by the Department of Labor and Employment (DOLE) to declare cash and jewelries over SR60,000 (Saudi Riyals) or its equivalent in other currency upon arrival or departure to avoid confiscation or legal penalties.

This act of the KSA government is part of the country’s battle against money laundering and funding of terrorist.

“The Kingdom is among the first few countries, which gave special attention to counter money laundering by committing to and complying with many rules and international conventions,” the Finance Minister Ibrahim Al-Assaf said.

continue reading...

No comments:

Subscribe Now-RSS feed

Display this banner in your blog! Copy the code below and paste it in your editor