The Customs Department of Cyprus has highlighted the obligation for individuals entering or exiting the Republic of Cyprus to declare cash amounts equal to or exceeding €10,000.

In a recent announcement, the Customs Department referred to the provisions of the 2022 legislation governing the transport of cash to and from Cyprus. According to this legislation, “an individual who enters the Republic from a third country or another member state, or exits to a third country or another member state, carrying liquid assets worth €10,000 or more, must declare this in writing to an authorized official of the Customs Department at their entry to or exit from the Republic and make it available for inspection.”

The announcement further stated that "all cash declarations, after being processed by the Customs Department, are forwarded for further investigation to MOKAS (Unit for Combating Money Laundering) as part of their jurisdiction."

It is also noted, "declarations of liquid assets worth €100,000 and above are transmitted to the Police for their information and subsequent actions."