Mai TT is claiming Tianshe Maphosa stole $30,000 USD Cash from her house and flew with the money to USA. Read the law of what happens when you travell with over $10,000 cash in America.
What happens if you don't declare at customs? Failure to declare monetary instruments in amounts valued more than $10,000 can result in its seizure. If you are caught crossing the border with any amount of undeclared cash in excess of $10,000 USD you will almost certainly have it seized from you.
If you bring more than $10,000 USD you have to notify customs and fill out a Report of International Transportation of Currency and Monetary Instruments (FinCEN 105).
It’s very important to know that this means any form of cash that equals $10,000 USD. Any combination of “cash” items (more on this later) and foreign currencies counts towards your total amount. It’s your responsibility to understand this and to verify conversion rates before attempting to cross the border.
For example, a euro is usually more than a U.S. dollar. Attempting to cross the border with €9000 EURO would likely exceed the U.S. customs cash limit of $10,000 USD. In this case, bringing money into the U.S. would require a declaration, as would leaving the U.S.
Here’s another example. When crossing the Canadian border, anything over $10,000 CAD must be reported. Now, this is where people can get tripped up! If you forget that $10,000 USD usually exceeds the value of $10,000 CAD and don’t declare it, you might get caught in a secondary inspection with too much cash and face penalties.
It’s also important to know that different countries have their own laws on traveling with cash. You’re responsible for knowing the laws of the destination you’re traveling to. You may be able to leave the U.S. with $10,000 USD but that does not necessarily mean you can enter another country with that amount.
Keep in mind that conversion rates change daily, so be sure to check and make sure you are aware of how much cash you’re actually traveling with according to the countries you’re entering.
