New application launched for mandatory declaration of cash and valuables over Dh60,000

It is mandatory for all passengers traveling to or from the UAE with more than Dh60,000 to declare this to customs officials.

UAE residents and visitors carrying more than 60,000 dirhams The value of cash, gold, jewelry, diamonds and other valuables while traveling can be revealed to the government through an app called Afse.

It is mandatory for all passengers traveling to or from the UAE with more than Dh60,000, or an equivalent amount in any other currency, financial assets, precious metals or stones, to declare this to customs officials. This applies to all residents and visitors entering and leaving the country through airports, ports and land borders.

The UAE’s decision to declare funds and valuables over Dh60,000 is part of its effort to combat money laundering.

Each family member over 18 years of age has the right to carry an amount not exceeding Dh60,000 or its equivalent in foreign currency without disclosing it to customs officials.

The application, Afsehas been developed by Federal Authority for Identity, Citizenship, Customs and Port Security (ICP).

Residents and nationals must submit data through six steps and also declare the amount or value of cash and valuables. Since this information can be edited, people have the option to update the value later in case it increases or decreases when entering or leaving the country.

Upon submitting all data, residents will receive a QR code via SMS and email. Upon arrival at the airport or border, they can simply show the email to customs officials.

Furthermore, this will help visitors and residents to exchange money without any hassle as they will only have to show the approval declaration form that they received from the PIC.

People can also register at Afse through UAE Pass. The application is available on Android and Apple platforms. The service is free. Additionally, residents and visitors can also declare through the PICThe website of.

News Source: Khaleej Times

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