Monday, December 28, 2009

Customs Seeks Currency Powers

The Federal Customs Service has proposed legislative amendments authorizing it to seize currency from a traveler who refuses to disclose its source or when the currency is suspected of being connected to money laundering. Under current legislation the Customs Service may only check whether currency over $3,000 is declared. Neither the Customs Service nor other officials could explain the purpose of the proposed new powers, and an official of the Ministry of Economic Development commented that the Customs Service is seeking authority beyond its jurisdiction.
www.vedomosti.ru/newspaper/article/12/28/222318

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