Focus Taiwan
Date: 2017/12/20
By: Chiu Chun-chin and Elizabeth Hsu
Taipei, Dec. 20 (CNA) The Customs Administration once again urged travelers to declare
Photo courtesy of Taipei Customs
their cash and valuables such as securities and gold of a value higher than Taiwan’s law allows when entering or leaving the country, or risk having their undeclared possessions confiscated.
The call was reiterated Wednesday, two days after a Taiwanese traveler surnamed Chang (張) was caught carrying 110,600 Chinese yuan (US$16,812) at a customs point in the Taiwan Taoyuan International Airport. Chang was preparing to take a flight to Kong Hong, Taipei Customs said.
Under Taiwan’s Money Laundering Control Act and relevant regulations, passengers entering or leaving Taiwan with cash in local currency exceeding NT$100,000, foreign currency (including the currencies of Hong Kong and Macao) exceeding US$10,000, or Chinese currency exceeding 20,000 yuan must declare it. [FULL STORY]