75 Declaration of cash

(1) Any person who physically transports, mails or ships or causes to be physically transported, mailed or shipped, to or from Seychelles, cash in an aggregate sum of SCR50,000, shall declare the particulars of the currency to the Customs Department in the manner and in such form as may be prescribed by regulations and the declaration form so submitted shall be provided to the FIU by the Customs Department.
(2) Any person who—
(a) fails to make a declaration under subsection (1); or
(b) knowingly makes a declaration under subsection (1), which is false or misleading, commits an offence and is liable on conviction to a fine not exceeding double the amount of cash found in his or her possession in excess of the prescribed sum and the cash in his or her possession shall be liable to forfeiture.