An Act Penalizing the Smuggling of Foreign Currency and Other Monetary Instruments in Bulk into or Out of the Philippines
The bill would require anyone moving more than US $10,000 in cash or bearer instruments across the Philippines’ borders to file a declaration, makes moving larger sums without registration a crime, and sets steep prison terms and fines.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/SBN-1692. Status changes over time; check the link for the latest.
SBN-1692 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.