<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by MIKESILV:
Not surprised, didnt take too long for the usual supects to rush to the defense of US customs.
What I think most people are unaware is that if you are stopped by any law-enforcement officer ( for any reason, speeding ticket qualifies) and found to have more than $10,000.00 on your person, the officer is required to sieze it ( after it is counted in your presence) until you can prove it belongs to you, in addition a report of the incident MUST be filed with the IRS.
Scary stuff indeed for people like me since I might be in that situation returning from Las Vegas or even my local racetrack. When one thinks about $10,000.00 is not a hell of a lot of money.
mike
[This message has been edited by MIKESILV (edited 10-12-2003).]</font>
The law referred to in this thread only requires filling out a form, and only applies when entering or exiting the U.S. The much more general situation you describe is news to me, can you give a citation with more detail?
Thanks!