Most countries have a cap at 10,000 USD (or foreign currency equivalent) for undeclared amounts of cash or other monetary assets, as amounts larger than that have to be declared upon travel. Crypto (like BTC or Monero) isn’t counted since it’s not considered as “valid currency” by the world bank.
The limit not only applies to cash since they count any assets worth of value (gold, checks, bonds, jewelery, artworks, luxury goods, high end electronics, etc). since those have been used and exploited for laundering money, I guess. So, even if he has 500 Rolexes fitted into suitcases worth over $100,000 will that still be taken?
It’s like if some one has 800 Chanel Handbags & 200 Hermès watches and mens footwear combined totalling to $50,000 in value stuffed onto mutiple huge suitcases and attempts to travel with that since huge stacks of cash will be flagged, so accessories are used to bring in money.
Tbf you’re more likely to get robbed by random people in broad daylight than encountering a cop that will civil asset forfeiture you, so its just bad idea to have lots of cash regardless of country.
You are much less likely to to be robbed by some random crook than you are a police officer. By almost a factor of 10.
There were 1300 cases of armed robbery in the US in 2024.
CAF resulted in 2.5 billion in assets seized in 2010, 11000 cases of seizure were for non criminal offenses.
That number seemed way off to me. Not sure where you got it. Perhaps in some kind of analysis of a sample/subset of cases?
Robberies all involve violence or a threat of violence, so calling out armed robbery specifically seems too narrow. Someone says they have a weapon and robs you, that’s reported as a robbery. If the police catch them and they are unarmed, that’s still just robbery, not armed robbery. But it seems relevant to the point in this discussion.
Anyway, New York City alone had almost that many robberies in the month of December 2024, and had 16000 robberies for the year in 2024. Source
The number I see for the country in 2024 is ~625000 robbery cases from FBI data. Just looking at armed robbery is more like 100k cases (200k if you include strong arm). Source
My mom got robbed in broad daylight and they took nearly $1000 from her… (okay idk why the fuck she was carrying so much cash, but that’s whole another story)
She was literally on the way to the bank…
Then again, we are Asian American and non-Asians in America loves to target us… and obviously cops don’t give a fuck.
We need to bring back the rooftop Koreans to patrol the streets, police is useless