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Bid to combat money laundering and funds

KUWAIT CITY, July 10: The Legal Affairs Section of the General Customs Department has issued directives regarding customs regulations and procedures on implementation of money laundering and terrorism funding law, reports Al-Shahed daily.

According to the directives, anyone who enters or departs the country through any of its borders must declare the value of currency or items used for monetary transactions travelers’ cheque or money orders that are with him. It includes arrangement by owners to transfer any amount equal to and above KD 3,000 into or out of Kuwait through a person, postal service or cargo.

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