A new rule has been made subjecting the transportation of amounts over $100,000 to questioning and investigation. The rule made by the Eurasian Economic Union, and set to take effect from February 4, 2020, requires that necessary and sufficient documents showing the source of the money must be provided while transporting money across the EAEU border if it exceeds a threshold of $100,000 or its equivalent. The document can be any official documents issued by credit organizations, financial institution, obtaining a loan, or showing the completion of a legal transaction. The idea of the new rule is part of the measures to effectively fight money laundering and terrorist financing.
