Riyadh, June 27 -- Saudi Arabia has tightened gold declaration rules for travellers by lowering the reporting threshold to Saudi Arabian Riyals (SAR) 40,000 (Rs 10,08,846), under updated anti-money laundering (AML) regulations.

According to Arabic daily Okaz, travellers entering or leaving the Kingdom with gold bullion, precious metals, gemstones or manufactured jewellery worth SAR 40,000 or more must submit a written customs declaration and provide a purchase invoice to verify the value of the items. The previous declaration threshold was SAR 60,000.

The updated regulations authorise the Zakat, Tax and Customs Authority (ZATCA) to seize undeclared cash, precious metals, gemstones or jewellery for up to 72 hours where there is a failure...