The Customs Department reminded about the rules for declaring money upon entry to Cyprus

The Customs Department of the Republic of Cyprus has published clarifications regarding the import and export of cash into and out of the country.

According to the published data, in accordance with the provisions of Law No. 63(I) of 2022 "On the Control of Liquid Assets Imported into the European Union or Exported from it, and on Intra-Community Control of Liquid Assets," every passenger arriving in the Republic of Cyprus or leaving the country's territory must declare cash if it equals or exceeds 10,000 euros.

To do this, it is necessary to submit a written declaration to the competent officer of the Customs Department.

This applies to everyone - including those arriving from other EU states and those departing to other European Union countries.

"After processing in the Customs Department, all declarations for cash are transferred for further investigation to the Money Laundering and Terrorism Financing Unit (MOKAS). In addition, declarations for amounts of 100,000 euros and above are transferred to the police for information and appropriate action," the Customs Department message said.

It is worth noting that the clarification was made against the backdrop of an investigation into the case of a 31-year-old Ukrainian citizen who, upon entering Cyprus through Larnaca airport, declared 420,000 euros, which were later stolen from her by two unknown persons when she exited a taxi in Limassol. However, the police did not believe this story and arrested the Ukrainian woman on suspicion of laundering 6 million euros.

According to local media reports, the police of the Republic of Cyprus is investigating 15 cases of large sums of money being brought into the country in relation to the detained individual.