Money Laundering Control Act Article 14

Passengers or crew members entering or leaving the country along with the vehicle and carry the following items shall make declarations at the Customs; the Customs should subsequently file a report to the Investigation Bureau of the Ministry of Justice.1. Cash in foreign currency or currencies issued by Hong Kong or Macau, and cash in New Taiwan dollars, totaling reach an applicable designated threshold amount.2. Negotiable securities with a face value totaling reach an applicable designated threshold amount.3. Gold with a value totaling reach to an applicable designated threshold amount.4. Other items with a value totaling reach to an applicable designated threshold amount and might be used for the purpose of money laundering.Acts to deliver items prescribed in the preceding paragraph by shipment, express delivery, mail, or other similar means, across the border, would also be subject to the preceding provisions.The Ministry of Finance shall, in consultation with the Ministry of Justice, the Central Bank, and the Financial Supervisory Commission of the Executive Yuan, establish regulations governing the applicable designated threshold amount of currencies, negotiable securities, gold and items, as well as the scope and procedures of declaring and declaration, and other requirements that should be followed prescribed in the preceding two paragraphs.Foreign currencies, or currencies issued by Hong Kong or Macau, carried but are not declared to the Customs in accordance with provisions in paragraphs 1 and 2, the amount exceeds the threshold amount prescribed in the preceding paragraph, shall be confiscated by the Customs. In the event of a false declaration, the amount exceeding the amount declared shall be confiscated by the Customs. Failure to declare the value of negotiable securities, gold or items transported in accordance with paragraphs 1 and 2, or a false declaration, will lead to a fine imposed by the Customs equivalent to the amount exceeding the threshold amount prescribed in the preceding paragraph or the value of the negotiable securities, gold or items that are not declared or are falsely declared.In the event that the amount of cash in New Taiwan dollars declared in accordance with paragraphs 1 and 2 exceeds the threshold amount prescribed in paragraph 1 of Article 18-1 of the Central Bank of the Republic of China (Taiwan) Act, the exceeding amount shall be returned. When the cash in New Taiwan dollars is not declared in accordance with provisions in paragraphs 1 and 2, the cash exceeding the threshold amount prescribed in paragraph 3 shall be confiscated by the Customs; in the event of a false declaration, the amount of cash that is not declared shall be confiscated by the Customs— in both cases, provisions of paragraph 2 of Article 18-1 of the Central Bank of the Republic of China (Taiwan) Act will not apply.When currencies issued in the Mainland Area are to be transported across the border in accordance with provisions in paragraphs 1 and 2, provisions of the Act Governing Relations between the People of the Taiwan Area and the Mainland Area should apply. In the event that the total amount of currencies transported exceeds the threshold amount prescribed in paragraph 5 of Article 38 of the Act Governing Relations between the People of the Taiwan Area and the Mainland Area, a report should be filed by the Customs to the Investigation Bureau of the Ministry of Justice.