Declaring Cash Export: Important Considerations for Nauru Customs Service

When exporting cash from Nauru, it is essential to understand the key points related to declaring cash export to avoid any potential issues or penalties.

Key Points for Declaring Cash Export

Before exporting cash, make sure you are aware of the following requirements:

• Cash Amount: The amount of cash being exported must be declared in Section A of the Application for Cash Export form.
• Source of Funds: The source of the funds being exported must be specified in Section B of the application form.
• Recipient of Funds: The name and address of the person or corporation receiving the funds must be provided in Section D of the Border Declaration Form.
• Purpose of Funds Exported: The purpose for which the funds are being exported must be declared in Section B of the Application for Cash Export form.
• Declaration: The applicant must sign and date the declaration section in both the Application for Cash Export form and the Border Declaration Form, confirming that the information provided is true and correct.

Penalties for Non-Compliance

Failure to declare cash or providing false information can result in severe penalties, including:

• Fines not exceeding $20,000 /$50,000
• Imprisonment not exceeding 2 years
• Both fine and imprisonment term
• Seizure of the cash may occur.