Movement of currency valuables across the customs border
CUSTOMS UNION
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Under the existing conditions, control over cash flows and movement of financial instruments becomes especially important. In this connection the necessity of participation of authorized bodies in realization of such control increases. This function has traditionally been performed by customs authorities. Even before the establishment of the Customs Union by member states, customs authorities were vested with the powers of currency control agents within the EurAsEC.Creation of a single customs territory required the development of legal regulation of currency control at the supranational level...
Under the existing conditions, control over cash flows and movement of financial instruments becomes especially important. In this connection the necessity of participation of authorized bodies in realization of such control increases. This function has traditionally been performed by customs authorities. Even before the establishment of the Customs Union by member states, customs authorities were vested with the powers of currency control agents within the EurAsEC.Creation of a single customs territory required the development of legal regulation of currency control at the supranational level. This is especially important in connection with the accession of the Republic of Armenia and the Kyrgyz Republic to the Treaty on the Eurasian Economic Union.
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