A total of €26,000 Euros (1,030,000 THB) in undeclared cash was seized from a passenger travelling to Thailand from Malta on Friday, The Independent reports.
The Maltese passenger stated that he was planning to invest the money in Thailand, but was unaware that carrying such a large amount of cash was illegal under the Cash Control Regulation.
Travelers carrying anything over €10,000 (400,000 THB) must fill in a cash declaration form in order to conform to the law. Outside of that, there are no limitations on how much cash can be carried overseas.
Chaninat & Leeds’ Bangkok criminal defense lawyers represent Thai and international clients.
Persons whose assets may be at risk in their home country due to tax liens or court judgments often attempt to transfer the funds outside of the jurisdiction with the risk. However, with increasingly strict international money laundering and customs control laws, such transfers are becoming much easier for authorities to detect.
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Image: Keith Copper
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