FICA Cash Conveyance Reporting Threshold Set for July 2026

Posted 08 July 2026 Written by Acts Online
Category Compliance

Brought to you by SA Accounting Academy: The President of South Africa has published a Proclamation in the Government Gazette establishing the commencement date for section 30 of the Financial Intelligence Centre Act, No. 38 of 2001, which introduces mandatory Cash Conveyance Reporting for travellers.

In terms of the Proclamation published in the Government Gazette on 5 June 2026, the commencement date for section 30 of the Financial Intelligence Centre Act, No. 38 of 2001 (FICA) has been fixed as 1 July 2026. This section activates the Cash Conveyance Reporting (CCR) regulatory stream, requiring both domestic and foreign travellers to declare cash, currency, and bearer negotiable instruments in their possession that exceed the prescribed threshold when crossing South Africa’s borders.

The threshold has been set at R100,000. From 1 July 2026, any traveller crossing South Africa’s air, land, or sea borders with cash, currency, bearer negotiable instruments, or high-value personal or commercial goods exceeding R100,000 will be required to declare these assets. The declarations must be submitted via the Customs and Excise traveller management system operated by the South African Revenue Service (SARS).

Under this framework, SARS Customs and Excise is responsible for receiving these declarations and making the data available to the Financial Intelligence Centre (FIC). The FIC will analyze this information to generate financial intelligence reports for law enforcement, prosecutors, and other competent authorities to assist in investigations, prosecutions, and asset forfeiture applications.

Key Elements of the Cash Conveyance Reporting Stream

  • Threshold: R100,000 or equivalent in foreign currency.
  • Scope of Assets: Cash, currency, bearer negotiable instruments, and commercial goods or personal high-value items.
  • Applicability: All travellers entering or leaving South Africa via air, land, or sea ports.
  • Reporting Channel: SARS Customs and Excise traveller management system.

Click here to download the FIC Media Release on Cash Conveyance Reporting.

What this means for you, your business, or your clients

  • For yourself: Ensure that you personally declare any cash, bearer instruments, or high-value personal goods exceeding R100,000 when travelling internationally through any South African border post from 1 July 2026.
  • For your business: Update corporate travel policies, risk management compliance programmes (RMCPs), and employee handbooks to reflect the mandatory R100,000 declaration requirement for staff travelling on business.
  • For your clients: Advise import/export businesses, cross-border traders, and high-net-worth clients of the new compliance obligation to prevent asset seizure or penalties at border posts.

Originally published at https://accountingacademy.co.za/news/read/fic-new-fica-cash-declaration-required-for-travellers

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