Oksana Yang, a Vancouver resident, was convicted this week of attempting to leave Canada with more than $10,000 cash and not reporting it. The Proceeds of Crime (Money Laundering) and Terrorist Financing Act requires that every person report when they import to Canada or export from Canada cash (or other monetary instrument) equal to or greater than $10,000. It is not illegal to import or export cash but it must be reported in advance. A failure to report is an offence and may result in the cash being seized and forfeited to the government.