Declare/disclose large quantities of currency and bearer negotiable instruments
Currency and Bearer Negotiable Instruments
Declaration and Disclosure Requirements
According to the Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Ordinance, Chapter 629, Laws of Hong Kong (“the Ordinance”), any person arriving in Hong Kong at a specified control point set out in Schedule 1 to the Ordinance and in possession of a large quantity of currency and bearer negotiable instruments (“CBNIs”) (i.e. CBNIs of a total value more than HKD120,000), must make a written declaration to a Customs officer, using the Red Channel under the Red and Green Channel System.
Any person arriving in Hong Kong other than at a specified control point (e.g. passengers arriving on cruise ships berthing at anchorages), or any person about to leave Hong Kong, must upon the requirement of a Customs officer disclose whether he/she is in possession of a large quantity of CBNIs. If so, he/she must make a written declaration.
An adult who accompanies a young person (i.e. a person under the age of 16 years) and knows that the young person is in possession of a large quantity of CBNIs must declare or disclose for the young person.
Upon commencement of the Ordinance, declaration forms are available at the Red Channel of the Customs Arrival Hall of various control points and on the website of Customs and Excise Department.