17 Dec
2003
17 Dec
'03
11:17 p.m.
It now is illegal to try to leave the country with more than $10,000 in currency without reporting it to U.S. Customs officials. Violations are punishable by up to five years in prison and seizure of the money. But in June, the U.S. Supreme Court dealt a serious blow to efforts to seize the unreported cash, ruling in a precedent-setting case that such seizures often violate constitutional protections against "excessive fines."
Here's the case: http://laws.findlaw.com/US/000/96-1487.html DCF