TAIPEI (CNA) – Customs officials confiscated 3.04 million yen (US$28,157) from a Taiwanese passenger at Taoyuan International Airport on Friday who was taking more than the allowed limit of foreign currency out of the country without declaring it.
Authorities confiscated the 3.04 million yen from the Taiwanese national, surnamed Kuo (郭), after an undeclared 4.14 million yen was found in his carry-on bag by Aviation Police Bureau personnel at a baggage check point, Taipei Customs said Friday in a statement.
Kuo, who was preparing to board a flight to Osaka, Japan, was allowed to keep a total of 1.1 million yen, roughly equal to the US$10,000 passengers can take out of Taiwan, Taipei Customs said.
The money was confiscated based on the Money Laundering Control Act, which says that passengers who fail to declare foreign currencies over a permitted threshold when entering or leaving the country can have the amount above the threshold confiscated.
Taipei Customs said passengers are required to declare any cash they are carrying over NT$100,000, US$10,000 (or its equivalent in foreign currencies), or 20,000 Chinese Yuan, when entering or exiting Taiwan.
By Chiu Chun-chin and William Yen