Thread: N.D. CBP Officers Seize $62,123 in Undeclared Currency

C.B.P. News Release

Pembina, N.D. CBP Officers Seize $62,123 in Undeclared Currency

(Monday, September 14, 2009)

Pembina, N.D. — U.S. Customs and Border Protection officers seized a total of $62,123 from one individual when he entered the United States at Pembina, N.D., on Friday September 11.

The individual failed to declare all the currency he was carrying to CBP officers when he was seeking admission into the United States. A monetary penalty was assessed by CBP and the remainder of the currency was returned to the subject. Federal law requires that all persons entering or departing the United States must report monetary instruments valued at or above $10,000 to CBP. This includes U.S. or foreign coins currently in circulation, currency, travelers’ checks, money orders and other negotiable instrument or investment securities in bearer form.

“This was an exceptional job by our officers,â€

A monetary penalty was assessed by CBP and the remainder of the currency was returned to the subject.

I, for one, would like to hear the explanation of why this person was carrying this much cash and the reasoning for returning it!