FlyerTalk Forums - View Single Post - What is the correct answer to the Steve Bierfeldt question?

Apr 8, 2009 | 4:08 pm

#15

Xyzzy

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Quote:

Originally Posted by carterd

The $10,000 rule was actually drawn from Federal law prohibiting carrying more than $10,000 in cash or negotiable instruments into or out of the U.S. -- it is derived from money laundering legislation associated with the Bank Secrecy Act.

The law DOES NOT PROHIBIT the carriage of more than $10,000 into/out of the US! It simply requires that you report when you do so.

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