Cross Border Currency Reporting

Money laundering and terrorist financing are international problems. Money laundering in Canada alone is estimated to be in the billions of dollars. To help fight these criminal activities, the Government of Canada has introduced the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Under the new legislation, there are no restrictions on the amount of money that you can bring into or take out of Canada, nor is it illegal to do so. However, you now have to report to a customs officer amounts equal to or greater than CAN$10,000 that you are bringing into or taking out of Canada.

This new reporting requirement will assist the government in its efforts to:

• investigate and prosecute offences related to money laundering and terrorist financing;
• respond to the threat posed by organized crime; and
• fulfill international commitments to fight transnational crime.

Technical Assistance

To access the Portable Document Format (PDF) version you must have a PDF reader installed. If you do not already have such a reader, there are numerous PDF readers available for free download or for purchase such as:

• Adobe Reader
• Foxit Reader
• Xpdf
• eXPert PDF Reader

If you have difficulty accessing a document in PDF format, please contact:

Publishing Services
Canada Border Services Agency
E-mail: Publishing.publication@cbsa-asfc.gc.ca
Ottawa ON  K1A 0L8
Canada

By telephone or TTY