On-Air Now
Facebook

Residents told they must declare money transfers

Wed, 13 Apr 2016


People transferring large sums of money in or out of the Island are being reminded they must declare it.

Customs and Excise say cash should be reported if it amounts to €10,000 or more in any currency.

Undeclared banknotes or coins, postal orders or cheques sent by any mode of transportation may be seized and penalties could be applied.

The measure excludes cheques drawn from a British or Irish Bank.
 


 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed