{"id":1541,"date":"2023-10-24T03:59:27","date_gmt":"2023-10-23T19:59:27","guid":{"rendered":"https:\/\/www.hiredchina.com\/articles\/2023\/10\/24\/two-year-punishment-in-prison-and-500000hkd-fine-if\/"},"modified":"2024-06-29T10:06:50","modified_gmt":"2024-06-29T02:06:50","slug":"two-year-punishment-in-prison-and-500000hkd-fine-if","status":"publish","type":"post","link":"https:\/\/www.hiredchina.com\/articles\/two-year-punishment-in-prison-and-500000hkd-fine-if\/","title":{"rendered":"Two Year Punishment in Prison and 500,000HKD Fine If"},"content":{"rendered":"

Travellers in and out of Hong Kong will need to declare if they are carrying more than HK$120,000 (US$15,300) in cash, after a new law to tackle dirty money comes into force in mid-July. Failure to declare is punishable by a maximum of two years in prison.<\/p><\/blockquote>\n

Travellers in and out of Hong Kong will need to declare if they are carrying more than HK$120,000 (US$15,300) in cash, after a new law to tackle dirty money comes into force<\/a> in mid-July.\u00a0Failure to declare is punishable by a maximum of two years in prison and <\/span><\/strong>a HK$<\/span><\/strong>500,000 fine.<\/span><\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

1. Anyone\u00a0in possession of a large quantity of currency or bearing negotiable instruments valued at more than HK$120,000 arriving in Hong Kong via one of several specified control points must make a written declaration to customs.<\/strong><\/p>\n

These points are Lo Wu, Hung Hom Station, Man Kam To boundary, Sha Tau Kok boundary, Hong Kong-Macau Ferry Terminal, China Ferry Terminal, Lok Ma Chau boundary, Hong Kong International Airport, Tuen Mun Ferry Terminal, Shenzhen<\/a> Bay Port Hong Kong port area, Lok Ma Chau Spur Line, Kai Tak Cruise Terminal and Ocean Terminal.<\/p>\n

\u00a0<\/strong><\/p>\n

2.\u00a0Customs will use the ‘red and green aisle for customs clearance. Anyone who has cash,\u00a0cheques or\u00a0bonds of a total value over 120 thousand HKD (about 102,000 Yuan) or equivalent foreign currency, must be written in the main action when entering the country, must go through the red aisle<\/span>.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

3. Hong Kong custom will set a grace period of 3 months from July 16th to October 15th, and customs will give written warning to passengers if they do not commit any initial offense. Initial offenders have to pay a fine of HK $2000 to the customs without criminal prosecution, but if there is a second time, offenders will be brought to the court. Maximum fines can be 500 thousand Hong Kong dollars and two years in prison.<\/strong><\/p>\n

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Declaration forms can be downloaded from the official website (www.customs.gov.hk<\/a>) of Hong Kong customs or attained in every Hong Kong port.<\/p>\n

\"Two<\/p>\n

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For the import and export items of cash in the same batch, an electronic declaration must be made in advance to customs.<\/p>\n

\"Two<\/p>\n

If you enter Macau with\u00a0120 thousand MOP$ or above<\/strong>, you should declare this to customs officers, fill in the declaration form and choose the Red Aisle<\/strong><\/span>; you should also make a\u00a0declaration when exiting Macao <\/strong>if you are inquired by customs officers.<\/p>\n

\"3.jpg\"<\/p>\n

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Otherwise, you will be\u00a0fined from 1000 to 500,000 MOP$.<\/strong> Additionally, anyone who refuses to pay the fine will be refused entry to Macau, but there is\u00a0no need for travel<\/a>ers of temporary stopover\u00a0to declare.<\/p>\n

\"Two<\/p>\n

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Customs officers will work with sniffer dogs.\u00a0Specially<\/a> trained money-hunting dogs can distinguish the concentration of banknote inks. If they find a\u00a0large amount of cash, officers will stop the travellers and check their luggage.<\/p>\n

Anyone who plans to take a\u00a0large amount of cash to Hong Kong or Macau don’t forget to make a\u00a0declaration in advance.<\/p>\n

\"Two<\/p>\n

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