Passengers carrying undeclared cash over NT$100,000 risk confiscation

Focus Taiwan
Date: 2017/03/14
By: Tsai Yi-chu and Lilian Wu

Taipei, March 14 (CNA) Starting from June 28, passengers leaving or entering the country carrying cash of over NT$100,000 (US$3,229), or an equivalent of US$10,000-worth of gold or other items that could be used for mitems to Customs or face punishment, the Ministry of Finance announced Tuesday.

Violators could face confiscation of the cash or other items, or fines. Passengers will be obliged to declare them even if they are transporting them as cargo, by express delivery or by surface mail.

According to Customs statistics, there were 45 violations involving around NT$106.8 million in cash and seven violations involving gold totaling 10 kilograms in 2016.    [FULL  STORY]