From: hughes@ah.com (Eric Hughes)
Date: Wed, 10 Aug 94 07:35:20 PDT
To: cypherpunks@toad.com
Subject: e$
In-Reply-To: <4865@aiki.demon.co.uk>
Message-ID: <9408101407.AA24943@ah.com>
MIME-Version: 1.0
Content-Type: text/plain


   When you fly into the US, you must fill out a customs declaration.
   You are required to declare money in various forms (cash, checks,
   etc) 

What they ask for and what is required by law are two different
things.  It's not generally illegal to allow people to volunteer
information that increases the power of the state.

   Banks are required to declare cash deposits and international movements
   of funds over either $5K or $10K, I forget which.

In the US, the value is $10K, but that's only for cash transactions,
and it's not just banks that are required to report.  "International
movements of funds" are not subject to reporting requirements as such.

Eric