That's all true. I suspect they rely more on the currency reporting rules at airports because that's at least a hard and fast law that is being broken.
Other countries would probably take a more dim view of asset forfeiture based on nothing more than "you can't prove this wasn't earned illegally!" than of it's backed up with something. I'm curious what the actual penalty for failure to declare is though.
That's all true. I suspect they rely more on the currency reporting rules at airports because that's at least a hard and fast law that is being broken.
Other countries would probably take a more dim view of asset forfeiture based on nothing more than "you can't prove this wasn't earned illegally!" than of it's backed up with something. I'm curious what the actual penalty for failure to declare is though.