As of December 1, 2022 Cross Border Movement of Currency and Valuables (CMCV) Forms are now a mandatory document for international travelers and are available at all Customs entry and exit points.
International travelers carrying currency or valuables worth K20, 000 or more must declare by filling out the CMCV Form. The same applies to those sending cargo or courier mail.
Failure to report or providing false or misleading information will result in a fine of up to K50,000 or five years imprisonment for individuals and a fine of up to K250,000 for a corporate body.
The form was jointly launched by PNG Customs and the Bank of Papua New Guinea’s Financial Analysis Supervision Unit (FASU) at the Jacksons International Arrival Hall on the 30th of Nov, 2022 to implement the Proceeds of Crime Act (POCA), Anti Money Laundering (AML) and Counter Terrorist Financing (CTF) Act to comply with international standards set by the Financial Action Task Force (FATF) on money laundering.
The launching and use of the form follows recommendations and standards set by the FATF to monitor the movement of currency in and out of the country.