Travelers to any EU country who have 10,000 euros or more on them would from June 15 this year be required to declare them at the airport or face sanctions.
A statement issued by the British High Commission in Accra on Thursday said from the said date people travelling directly to or from a country outside the European Union and carrying 10,000 euros or more, or its equivalent in another currency, will be required to declare the cash to the UK Revenue and Customs at the place of their departure from, or arrival in the United Kingdom.
The statement noted that "cash" not only means currency notes and coins but also bankers’ drafts and cheques of any kind, including travellers’ cheques.
It said: "This measure will apply in all EU countries having been introduced under European Parliament and Council Regulation No1889/2005 to help combat money laundering."
It said forms on which to make the declaration would be available at ports and airports.
It warned that travellers would be liable to financial penalties if they failed to comply with the obligation to declare or provide incomplete or incorrect information.
"There will still be no requirement to declare cash for people travelling to or from another EU country."
It said UK customs officers would not detain properly declared cash if they had no reason to doubt its legitimacy.
"However, as with cash in amounts of £1,000 or more found at any place within the UK, under the Proceeds of Crime Act 2002 (POCA), it may be seized if an officer has reasonable grounds to suspect it is either the proceeds of, or is intended for use in, unlawful conduct.
"Without a court order, seized cash cannot be detained for more than 48 hours, not including Public Holidays and weekends."
It said a court may order seized cash to be further detained whilst its origin and intended use were investigated and forfeited permanently if satisfied from the investigation that it was associated with criminal activity.
It said a person from whom cash had been seized would be given information on how to appeal against its subsequent detention and/or forfeiture.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Woman dies after being set on fire on NYC subway
15 minutes -
Elon Musk’s curious fixation with Britain
20 minutes -
EBID wins the Africa Sustainability Award
2 hours -
Expansion Drive: Takoradi Technical University increases faculties
6 hours -
SHS heads demand payment of outstanding funds before reopening of schools
7 hours -
We thank God for the 2024 general elections – Akufo-Addo
7 hours -
Coconut Grove Beach Resort marks 30 years of excellence with memorable 9 lessons & carols service
8 hours -
WAFU B U-17 Girls’ Cup: Black Maidens beat Nigeria on penalties to win inaugral tournament
8 hours -
Real Madrid beat Sevilla to keep pressure on leaders Atletico
9 hours -
Liverpool put six past Spurs to go four points clear
9 hours -
Manchester United lose 3-0 at home to Bournemouth yet again
9 hours -
CHAN 2024Q: ‘It’s still an open game’ – Didi on Ghana’s draw with Nigeria
10 hours -
CHAN 2024Q: Ghana’s Black Galaxies held by Nigeria in first-leg tie
11 hours -
Dr Nduom hopeful defunct GN bank will be restored under Mahama administration
11 hours -
Bridget Bonnie celebrates NDC Victory, champions hope for women and youth
11 hours