In accordance with the BMF (Federal Ministry of Finance) guidelines for travelers independently entering or leaving the EU with a cash amount
of € 10,000 or more, the exact sum must be declared to Customs in compliance with European Regulation (EC) No. 1889/2005 in effect as of June 15th, 2007. The initiative was introduced to support EU efforts in the fight against criminal activity, money laundering and terrorism.
Travelers entering or leaving the EU through external control checkpoints are subject to declaration if:
- in possession of € 10,000 or more in cash, including cash equivalents such as other currencies or easily convertible assets (e.g. bonds, shares, travelers checks)
If applicable, you must complete and submit the proper declaration form at customs (or other responsible authority) at the control checkpoint through which you enter or leave the EU.