Posted by: therre
DoLE has issued an advisory to overseas Filipino workers (OFWs) who will leave and enter the Kingdom of Saudi Arabia (KSA) regarding bringing of cash and jewelries amounting to over SR60,000 or its equivalent in other currency (more or less Php 681,000) to declare it upon arrival or departure to avoid confiscation or penalties.
There are available declaration forms in all entry points in Saudi. Bringing in of cash and precious metals over SR60,000 is not only an act of money laundering but also makes one a suspect of funding terrorist. Thus OFWs are advice to obey the rule since KSA is strictly implementing it in accordance with the Article 14 of the Anti-Money Laundering Law of the Kingdom.
Published in: OFW Warnings
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