Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Auckland man convicted for bags of cash

Auckland man convicted for bags of cash

A 59-year-old Auckland man was convicted, fined $800, and ordered to pay court costs in the Auckland District Court today for attempting to take Chinese Yuan (CNY) 700,000 (NZ$136,452) cash out of the country without declaring it. Customs also seized his cash.

Xiaosheng Yu was about to board a flight to Hong Kong at Auckland Airport on 13 November 2012 with his wife and a friend, when Customs cash detector dog Zen sniffed cash in his wife’s carry-on bag. This was Customs first interception using a cash detector dog.

A baggage search of the trio revealed newspaper-wrapped bundles of cash in two carry-on bags, and more in a checked-in suitcase – CNY 700,000 in total. It was established they were carrying the cash on behalf of Yu. When interviewed, Yu explained (with the assistance of a translator) that the money was his legal income in China, and would be used to pay a mortgage on a property in Hong Kong.
Yu had brought the money to New Zealand over a number of years and admitted at times he had not declared the cash as it made things difficult because he didn’t speak English, and it would also cause Customs to check on him every time he travelled.
Customs Manager Investigations Maurice O’Brien says while people may carry large sums of cash, they are legally required to declare cash of NZ$10,000 or more regardless of currency or form – simply by ticking the box on their departure or arrival card.

“It’s not illegal to carry large sums of cash but it must be declared so we can verify that the money is legitimate and for legitimate purposes. Customs has various translations of the forms and translators available if language is an issue.

“Movement of cash can and has been linked to money laundering and organised crime – this is why we treat the matter so seriously. Those who don’t declare their cash face prosecution, and/or lose their money on top of it,” Mr O’Brien says.

Not declaring cash or providing false or misleading information is an offence under the Anti Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. The cash also becomes a prohibited good under the Customs and Excise Act (CEA) and can be seized, and face forfeiture.

During sentencing, the judge said Yu was a sophisticated businessman who was well aware of the reporting requirements and had completed border cash reports in the past. He knew the significance of the figure of $10,000 but chose to ignore this and got his wife, who does not read or speak English, to fill in his departure card.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Veronika Meduna: The Kaikoura Rebuild

A Scoop Foundation Investigation

Friday will be a big day for people north of Kaikōura – and for hundreds of construction workers who are racing to reopen State Highway 1 in time for the holiday season.

By the afternoon, the South Island’s main transport corridor will be open to traffic again, more than a year after a magnitude 7.8 earthquake mangled bridges and tunnels, twisted rail tracks and buried sections of the road under massive landslides. More>>


BPS HYEFU WYSIWYG: Labour's Budget Plans, Families Package

“Today we are announcing the full details of the Government’s Families Package. This is paid for by rejecting National’s tax cuts and instead targeting spending at those who need it most. It will lift 88,000 children out of poverty by 2021." More>>


Gordon Campbell: On Defence Spending, Alabama, And Dolly Parton

The spending lavished on Defence projects to meet the risks that could maybe, possibly, theoretically face New Zealand in future is breath-taking, given how successive governments have been reluctant to spend even a fraction of those amounts on the nation’s actual social needs. More>>


Members' Bills: End Of Life Choice Bill Passes First Reading

The End of Life Choice Bill in the name of David Seymour has been sent to a select committee for consideration by 76 votes to 44. It is the third time Parliament has voted on the issue in recent decades and the first time such a Bill has made it over the first hurdle. More>>


State Sector: MPI Survives Defrag Of Portfolios

The Ministry for Primary Industries will not be split under the new government, but will instead serve as an overarching body for four portfolio-based entities focused on fisheries, forestry, biosecurity and food safety. More>>


Gordon Campbell: On Vulnerable Kids, RNZ Funding, And Poppy

The decision to remove the word ‘vulnerable’ from the Ministry for Vulnerable Children could well mark a whole shift in approach to the care of children in need... More>>





Featured InfoPages