Hid €50,000 in shoes and a book headed to Dubai, fined
It happened at Malpensa, two Italian travelers with a ticket to luxurious Dubai were fined more than €4,000 [...]
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It happened to Malpensa, two Italian travelers with a ticket to the luxurious Dubai were fined more than 4.000€ For failing to declare cash for more than 50.000€.
In this article:
The Finance Guard let it be known that the two were stopped for classic checks security and claimed to have less than €10,000, only that a more thorough check on the luggage turned up more 30.000€, appropriately hidden Under the soles of sneakers..
Other €500 bills, on the other hand, were hidden between pages of a book. Same for the second passenger who had another 10,615 in his carry-on luggage. A fine of well 4.824€, That they evidently could afford...
How much cash can I bring on the trip?
At this point the question arises: How much cash can I travel with?According to Italian law, which is in accordance with European regulations, the limit of cash that each traveler can take with them to the airport is 9.999€.
Did you get your flight cancelled, miss your connection, land late?
You could get up to 600€ compensation per person
For all amounts over €10,000, however, there is an obligation to statement But it doesn't end there: recent news indicates to us that the 10,000€ to declare will no longer be a figure fixed and most importantly, they will not be limited to the "cash" we carry around.
In fact, the reporting requirement will also be extended to the value of the items you carry on you, for example if you have €5,000 in cash and a Rolex we will probably be forced to state The amount of the value of the watch added to the cash.
The change in regulations is not yet effective, the anti-money laundering authorities are Evaluating, at which point it will be at the discretion of the authorities within the airports whether to be punctilious or not.
How do I declare cash?
Declaring the cash we transport abroad requires a special form easily found on the website of theInternal Revenue Service.
It will be necessary to indicate the provenance of the money, where it is intended and the intended use. The form should be carried with you when you travel and given to the customs office, which keeps a copy.
If you do not make the declaration, you risk the administrative seizure Of the cash equal to 40% of the amount, with a minimum of €300, over the fine. However, the seized money will be returned after prior request.
If you are lucky enough to be able to travel with more than €10,000 in cash, better declare it, or you risk a hefty fine!
