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Challenging Racism and Violence in the Media Through Education |
New Canada Customs Procedures |
January 6, 2003 |
On January 6, 2003, in response to the “Proceeds of Crimes (Money Laundering) and Terrorist Financing Act”, the Canada Customs and Revenue Agency created Cross-Border Currency and Monetary Instruments Reporting procedures. These new measures require all persons entering Canada to declare the importing or exporting of “monetary instruments” over $10, 000 CDN. This includes the importing or exporting of: securities such as stocks, bonds, debentures and treasury bills; as well as “negotiable instruments” such as bank drafts, cheques, promissory notes, travellers cheques or money orders. Further details are available at http://www.ccra-adrc.gc.ca/E/pub/cm/d19-14-1/d19-14-1-e.pdf or by calling Canada Customs at 1-800-461-9999.
We are issuing this announcement to alert members of the community to the new procedure and how it will impact those entering Canada. |
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