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HK$216,000 in undeclared cash seized at airport

2017/11/10 21:53:29

Photo courtesy of Taipei Customs

Taipei, Nov. 10 (CNA) Taipei Customs confiscated HK$216,000 (US$27,683) from a Chinese man on Friday who was caught at the airport carrying HK$294,528 without having declared it.

According to a Taipei Customs official, the man, surnamed Hsin (辛), was set to depart from Taiwan Taoyuan International Aiport for China when he was inspected by customs officer and found to be carrying HK$294,528.

Given that he had not declared the cash, the customs office returned roughly HK$78,024, or the equivalent of US$10,000, that travelers are allowed to carry without needing to declare it, but seized the remainder of the money.

Hsin said that the money was for business and that he was unaware he had to declare it.

Customs officials told reporters there have been multiple cases of cash being confiscated since a new amendment to the Money Laundering Act went into effect on June 28, and they urged all passengers to abide by the law and remember to make the proper declarations.

According to the revised law, passengers entering or leaving Taiwan with cash in local currency exceeding NT$100,000, foreign currency exceeding US$10,000, or Chinese currency exceeding 20,000 yuan must declare it.

(By Chiu Chun-chin and Kuan-lin Liu)
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