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"TRAVELLING WITH € 10 000 OR
MORE?"
"Don't forget to declare it!"
All travellers entering or leaving the EU with € 10 000
or more in cash must declare the sum to Customs in order
to comply with European Regulation (EC) No 1889/2005
applicable from 15 June 2007. This initiative is
introduced for the purposes to assist the efforts made
at EU level to tackle crime and improve security by
cracking down on money laundering, terrorism and
criminality.
Who must make a declaration?
Any person entering or leaving the European Union
through the external control points: -
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With € 10 000 or more in cash;
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Or its equivalent in other
currencies or easily convertible assets
(e. g. bonds, shares, traveller’s cheques…).
Where must I make the declaration?
The declaration must be completed and lodged with
customs (or other competent authority) at the control
point through which you enter or leave the EU.
Why must I make a declaration?
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To deter illegal activities such
as money laundering and the financing of terrorism
by disrupting the movement of illicit funds;
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To comply with European Union
Legislation; and
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To avoid penalties for
non-compliance.
What if I fail to complete the
declaration or submit a false one?
Please be aware that there are
separate control and declaration provisions for intra
community cash movements in some Member States. These
will be applied in addition to EU rules.
The following European Commission website gives
background information and contains references to sites
of individual Member States: -
http://ec.europa.eu/eucashcontrols |
