Implementation of the reporting requirement

Cash couriers are widely known for being used as a major means of moving physical funds across borders either to finance illegal activities or to launder ill-gotten profits. The implementation of the declaration system is part of Brunei Darussalam’s initiative to combat transnational crime, money laundering and terrorism financing. This is also in line with international practices and standards recommended by the Financial Action Task Force (FATF), an inter-governmental body that develops and promotes policies to combat money laundering and terrorism financing.

Any individual who is sending Physical Currency and Bearer Negotiable Instrument (CBNI) out of Brunei or receiving CBNI from outside of Brunei and the CBNI amounts to BND 15,000 (or its equivalent in a foreign currency) or more shall be obliged to make a declaration to the Financial Intelligence Unit (FIU), BDCB.

There are no restrictions on the type or amount of CBNI which may be moved into or out of Brunei Darussalam as long as the person gives a full and accurate report.

There are two types of CBNI Declaration reports.

Reporting of CBNI for Travellers or Cash Couriers

Any person that plans to carry Physical Currency or Bearer Negotiable Instrument (CBNI) amounting to BND 15,000 or more (or its equivalent in a foreign currency) into or out of Brunei Darussalam, is required to complete a CBNI declaration report and submit it to the Customs Officer or the Immigrations Officer at the border control post.

For incoming travellers, you may hand the CBNI report to the Customs Officer at respective checkpoints. For departing travellers, you would need to submit your CBNI report to the Immigration Officer before departing Brunei Darussalam.

Reporting of CBNI by Cargo, Courier and Postal Server or any other means

Any person that plans to send or receive Physical Currency or Bearer Negotiable Instrument (CBNI) amounting to BND 15,000 or more (or its equivalent in a foreign currency) by cargo, courier, postal service or any other means, is required to complete a CBNI declaration report and submit it to the Financial Intelligence Unit (FIU), BDCB.

Legal persons including companies, corporate bodies, foundations, partnerships or associations are also required to declare.

A full and accurate report has to be submitted to the Financial Intelligence Unit (FIU) within 5 business days upon receiving or submitting CBNI.

Submit the completed report to the following address during working hours:

Financial Intelligence Unit
Brunei Darussalam Central Bank
Level 7, Ministry of Finance and Economy Building,
Commonwealth Drive, BB3910
Brunei Darussalam

A scanned copy of this report can be sent to fiu[at]bdcb[dot]gov[dot]bn