How do they enforce rules on declaring funds?
Someone was concerned about the legality of leaving USA with a lot of money. Does CBP enforce that, and how? Seems they would have to already have an alert on the person's name, to catch them when TSA scans the passport. Not encouraging anyone to break the law, but it seems there isn't much effort to enforce it.
Best Answer
Many countries have random spot checks in the departures area. I’ve already seen that in the UK boarding a flight to Las Vegas, for instance. They did ask everybody boarding but I don’t remember if they actually performed any searches, though. They probably base their decision to search on the reaction of the people.
Depending on the bills used, if a large number of bills are required, then this is usually quite visible during security scans (though it may depend on the material used for the bills). In countries or places where security scans are performed by the same people handling this kind of issue (e.g. for some weird reason Eurostar security scans in Paris are performed by French customs), they can easily inquire at this point or tip off the people in charge of that.
But of course, enforcement is necessarily spotty. Unless you search everyone, you will miss most of the money going through. The idea is to catch enough, and impose severe penalties on them to deter others, very similarly to other forms of enforcement.
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Creditors have 12 years from the date of the judgment order to look for enforcement orders. Enforcement orders are usually valid for one year and can then be renewed. If more than 6 years have passed since the judgment order was issued, a Leave of the court (the court's permission) is needed to continue.Who has to comply with PSD2?
To protect the consumer, PSD2 requires banks to implement multi-factor authentication for all proximity and remote transactions performed on any channel. This obligation means using two of these three features: Knowledge: Something only the user knows, e.g., password, code, personal identification number.What is PSD1 and PSD2?
The difference between PSD1 and PSD2 is that the latter is an updated version that broadens the scope of its predecessor. PSD2 recognises third-party players, acknowledges a wider range of payment transactions and addresses some of the shortcomings of PSD1 as technology developed.Does PSD2 apply to UK?
Although the UK left the European Union on December 31st 2020, PSD2 still applies to a great extent. In fact, sovereignty isn't even the main issue \u2013 the UK government has adopted PSD2 into national law to bring the country in-line with its neighbouring supra-national bloc.PBS NewsHour full episode, June 22, 2022
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