As the peak tourist season approaches, customs officials yesterday reminded travelers headed for the EU to note the union's new cash declaration rules.
The new rules stipulate that people entering or leaving EU countries must declare cash totaling 10,000 euros or more from June 15.
EU customs officers will be authorized to check travelers' luggage and seize cash exceeding 10,000 euros (US$13,400) unless a valid reason is given by the travelers for carrying the money.
EU customs officers were quoted as saying that the new regulations are aimed at cracking down on money laundering,
In the UK, travelers who fail to declare cash in excess of 10,000 euros (US$13,400) or who lie on their declarations about the amount of cash they are carrying will face fines of up to US$10,000.
Meanwhile, Taipei customs officers also reminded travelers heading abroad that anyone entering or leaving Saudi Arabia must declare cash or precious metals worth US$16,000 or more, a rule that went into effect on June 2.
As for the nation's own cash declaration rules, the customs officers said travelers leaving the country should declare local currency exceeding US$1,834 and must declare foreign currency worth more than US$10,000 before leaving. Violators risk having their cash confiscated, the officers said.
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