In line with an amendment to the Money Laundering Control Act that will go into effect June 28, Taipei Customs warned passengers carrying local and foreign currencies or valuables exceeding a certain amount into or out of Taiwan to declare them or risked being fined.

Customs officials said that under the revised law, passengers entering or leaving Taiwan with cash in local currency exceeding NT$100,000, foreign currency exceeding US$10,000, Chinese currency exceeding 20,000 yuan, or negotiable securities exceeding US$10,000 must declare it.

In addition, passengers who carry gold in excess of US$20,000 in value, or diamonds, jewelry and platinum in excess of NT$500,000 should declare it.

Source: Focus Taiwan, Customs Administration