What are the legal ramifiications to an American traveling off shore and declaring that he is carrying more than 10K? Does it just open yourself up to IRS questions back home or are there more forms to be filled out at customs? Do you have to show your means for the money or by declaring it over 10K you have fullfilled your legal obligation? With so many casinos throughout the world now is it that uncommon to carry more than 10K to enter those countries?
You will have to research this but I always thought that the 10k limit is for coming INTO the USA, when you travel to a different country you are under their rules and their limits might be higher/lower than 10k
At best I supose you would have to fill a form and state where the funds come from and what are you going to do with them
At best I supose you would have to fill a form and state where the funds come from and what are you going to do with them
because with the invasive procedures they have at all airports now they might catch it and then ask why you violated 'x' law
as a matter of fact, I heard on cnn that they are now testing machines that detect money (it tracks the smell of it) and they are trying to catch money smugglers .........which helps in the ongoing (Drums) war on terror.........
its not a crime to transport any amount of cash but there are laws that regulate it to prevent money laundering thats all
as a matter of fact, I heard on cnn that they are now testing machines that detect money (it tracks the smell of it) and they are trying to catch money smugglers .........which helps in the ongoing (Drums) war on terror.........
its not a crime to transport any amount of cash but there are laws that regulate it to prevent money laundering thats all
