The Department of Foreign Affairs (DFA) has reminded travellers again to declare money in excess of US$ 10.000 or its equivalent in other foreign currencies after some Filipinos were reportedly taken in for investigation at several international airports for carrying excess amounts of currencies.
Citing, for example, a report of the Philippine Embassy in the Netherlands/Europe, the DFA said Filipinos had been investigated by foreign authorities and detained for several days for carrying over US$ 10.000, although the money was later proven to be their own.
Foreign authorities have the right even to confiscate the money.
All travellers should really declare if they have more than US$ 10.000 as mandated by the Anti-Money-Laundering Act of 2002 and several international regulations.
