20% increase in border currency reports
July 27, 2015 5:26 am
The Fiji Financial Intelligence Unit received 557 border currency reports last year, an increase of 20 percent when compared to 2013.
In its 2014 annual report the FIU says there were more declarations made by outbound travelers compared to inbound travelers.
Persons traveling into or out of Fiji are required under section 32 of the FTR Act to declare if they are carrying currency of negotiable bearer instruments of $10, 000 or more.
A number of travelers were charged and produced in court for not declaring their currency that exceeded the legal amount.