OWWA PDOS ADVISORY NO. 01, S. of 2010

: The Central Bank of Malaysia requires all persons entering or leaving Malaysia carrying cash and/or bearer negotiable instruments exceeding an amount equivalent to USD 10,000 to declare such amount to the Royal Malaysian Customs using Customs Form 22.
: All persons entering or leaving Malaysia who are carrying cash and/or bearer negotiable instruments exceeding the threshold amount must comply with the declaration requirement.
: The threshold amount is the equivalent of USD 10,000 in cash and/or bearer negotiable instruments.
: Customs Form 22 is used for declaring the specified amounts of cash or bearer negotiable instruments.
: The form is available at all major entry and exit points in Malaysia.
: The penalty includes a maximum fine of RM1 million and/or imprisonment of not more than one (1) year.
: Yes, all Philippine workers bound for Malaysia must comply with this requirement to avoid penalties.
: Bearer negotiable instruments are financial instruments that are payable to the holder or bearer, such as bearer checks or bonds, which can be used as currency equivalents.
: The advisory is intended to inform and remind Philippine workers bound for Malaysia to comply with Malaysia's currency declaration laws to avoid legal penalties during travel.