Thread: CBP Los Angeles Seizes $428,232 in Undeclared Currency

C.B.P. News Release

CBP Los Angeles Seizes $428,232 in Undeclared Currency

(Monday, July 20, 2009)

Los Angeles — U.S. Customs and Border Protection officers from Field Operations in Los Angeles seized $428,232 of undeclared currency during the third quarter of fiscal year 2009 (April 1-June 30). Travelers who failed to report to CBP officers that they were in possession of $10,000 or more had their currency seized.

It is a federal offense not to declare currency or monetary instruments totaling $10,000 or more to a CBP officer upon entry to or exit from the U.S., or to conceal it with intent to evade reporting requirements. Failure to declare may result in seizure of the currency and/or arrest. It is not a crime to carry more than $10,000 but it has to be declared.

There is no limit on the amount of monetary instruments travelers are allowed to transport in or out of the United States. Federal law requires each person arriving or departing from the United States to report any monetary instruments valued at or above $10,000 to a CBP officer.

In fiscal year 2008, $2.1 million in currency were seized from travelers for failure to declare to CBP officers from the Los Angeles Field Operations.

Monetary instruments include U.S. or foreign coins, currency, traveler’s checks, money orders and negotiable instruments or investment securities in bearer form. Any traveler with momentary instruments of more than $10,000 is required to file a Report of International Transportation of Currency or Monetary Instruments, FinCen Form 105 and can be found on the CBP Web site. The FinCen Form 105 needs to be filed with a CBP officer at a port of entry, each time a passenger arrives or departs the U.S. carrying more than $10,000 of monetary instruments. ( Currency Reporting )

U.S. Customs and Border Protection is the unified border agency within the Department of Homeland Security charged with the management, control and protection of our nation's borders at and between the official ports of entry. CBP is charged with keeping terrorists and terrorist weapons out of the country while enforcing hundreds of U.S. laws.

Contacts For This News Release
Cristina Gamez
CBP Public Affairs
Phone: (562) 980-3200 Ext: 127

http://www.cbp.gov/xp/cgov/newsroom/new ... 2009_9.xml

C.B.P. News Release

CBP Los Angeles Seizes $428,232 in Undeclared Currency

(Monday, July 20, 2009)

Los Angeles — U.S. Customs and Border Protection officers from Field Operations in Los Angeles seized $428,232 of undeclared currency during the third quarter of fiscal year 2009 (April 1-June 30). Travelers who failed to report to CBP officers that they were in possession of $10,000 or more had their currency seized.

It is a federal offense not to declare currency or monetary instruments totaling $10,000 or more to a CBP officer upon entry to or exit from the U.S., or to conceal it with intent to evade reporting requirements. Failure to declare may result in seizure of the currency and/or arrest. It is not a crime to carry more than $10,000 but it has to be declared.

There is no limit on the amount of monetary instruments travelers are allowed to transport in or out of the United States. Federal law requires each person arriving or departing from the United States to report any monetary instruments valued at or above $10,000 to a CBP officer.

In fiscal year 2008, $2.1 million in currency were seized from travelers for failure to declare to CBP officers from the Los Angeles Field Operations.

Monetary instruments include U.S. or foreign coins, currency, traveler’s checks, money orders and negotiable instruments or investment securities in bearer form. Any traveler with momentary instruments of more than $10,000 is required to file a Report of International Transportation of Currency or Monetary Instruments, FinCen Form 105 and can be found on the CBP Web site. The FinCen Form 105 needs to be filed with a CBP officer at a port of entry, each time a passenger arrives or departs the U.S. carrying more than $10,000 of monetary instruments. ( Currency Reporting )

U.S. Customs and Border Protection is the unified border agency within the Department of Homeland Security charged with the management, control and protection of our nation's borders at and between the official ports of entry. CBP is charged with keeping terrorists and terrorist weapons out of the country while enforcing hundreds of U.S. laws.

Contacts For This News Release
Cristina Gamez
CBP Public Affairs
Phone: (562) 980-3200 Ext: 127

http://www.cbp.gov/xp/cgov/newsroom/new ... 2009_9.xml