Regulatory Table
Capital controls generally regulate how much money can leave a country at any given time. Whereas anti-structuring regulations are more concerned with limiting the size of domestic transactions for individuals and somewhat limiting the outbound foreign currency transfers of firms or company entities.
Exceptions & clarifications
- Fiji has its own anti-smurfing laws, but they should not be confused with Fiji's capital controls. Fiji has limited outbound withdrawals in hard currency (AUD, NZD, USD) for at least 20 years.
- The Cook Islands has "Home Rule" with respect to banking. Cook Islands automated teller machines often fail to fully disclose the fact that the Cooks are not part of the New Zealand banking system. There are structuring regulations in the Cook Islands, but they are not the same as NZ.
| Jurisdiction | Single Transaction | Notes |
|---|---|---|
| Australia | A$10,000 | Although there are no weekly or monthly limits, any parceling to evade the rules is a criminal offence. |
| Brazil | varies | Depends on transaction type. |
| Canada | CA$10,000 | All transactions totaling CA$10,000 within a 24 hour period are subject to reporting. Certain businesses may qualify for Alternative to Large Cash Transaction (ALCT) reporting. |
| Fiji | FJ$1,100 | Individuals are subject to FJ$7,700 in a given week. Businesses engaged as investor tourism operators have no limit. |
| France | €3,000 | |
| Germany | €15,000 | |
| Guyana | USD10,000 | |
| Ireland | €10,000 | |
| India | ₹ 50,000 | |
| Italy | €12,500 | |
| Lithuania | LTL10,000 | |
| Netherlands | €15,000 | |
| New Zealand | NZ$10,000 | Not applicable to the Cook Islands |
| Philippines | PHP500,000 | |
| Portugal | €10,000 | |
| Romania | €10,000 | |
| Spain | €3,000 | |
| Sweden | €10,000 | |
| Thailand | US$58,000 | |
| Turkey | US$50,000 | |
| United States | US$10,000 |
Read more about this topic: Structuring
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