What are the rules when you travel with liquid assets (cash)?

You probably want to take some pocket money with you when travelling. No problem, but keep in mind a couple of rules.

Strengthening the obligation to declare cash when entering or leaving the EU

As from June 3rd 2021, a new Regulation (EU) 2018/1672 will come into force. This means that from this date onwards, stricter requirements regarding the declaration apply when you travel to or from the EU with cash worth EUR 10,000 or more.

As regards unaccompanied cash worth EUR 10,000 or more entering or leaving the Union in postal packages, courier shipments, or containerised cargo, Customs authorities can now also request that a disclosure be submitted following an inspection.

From now on, the term “cash” will cover not only currency and bearer-negotiable instruments, but also certain types of gold and prepaid cards. However, as of June 3rd, no declaration/disclosure will yet be required for prepaid cards.

You can consult below the declaration and disclosure form for cash entering or leaving the EU:

Dutch:

French:

German:

Visit http://ec.europa.eu/eucashcontrols for more information and the full list of products that will be considered as “cash” from June 3rd 2021.

You must submit the declaration to the Customs authorities of the Member State of first arrival in the EU or of the last place of departure from the EU for the cash you are carrying in your hand luggage. For hold luggage, this must be done where normal checks are carried out: on departure, at check-in before leaving the EU - on arrival, at the final place of arrival in the EU.

Travelling in the European Union with cash

When entering or leaving Belgium from or to another EU Member State, cash worth EUR 10,000 or more must be declared if requested by Customs authorities.

In this case, only currency and bearer negotiable instruments are considered as cash. Gold must not be declared.

Below you can consult the form for declaring cash entering or leaving Belgium from or to another EU Member State:

Who is subject to the declaration and disclosure obligation?

The obligation applies to individuals and legal entities carrying EUR 10,000 or more when entering or leaving the EU or when entering or leaving Belgium from or to another EU Member State.

The cash declaration/disclosure obligation is part of the European and Belgian strategy to prevent and detect money laundering and terrorist financing.

You wish to get more information in this regard? Visit the website of the European Commission.