Section 28E
Declaration about receipts of cash or bearer negotiable instruments from outside Malaysia
Any person who receives cash or bearer negotiable instruments or both which is moved to the person from outside
Malaysia exceeding the value as prescribed by the competent authority by order published in the Gazette, shall declare such amount to the competent authority and provide such other information as may be required by the competent authority.
(2)
A declaration under subsection (1) shall be made within five business days from the day of the receipt of the cash or bearer negotiable instruments or both.
(3)
Any person who contravenes subsection (1) commits an offence and shall on conviction be liable to a fine not exceeding five million ringgit or to imprisonment for a term not exceeding five years or to both.