C.B.P. News Release

Philadelphia CBP Seize $139K in Undeclared Currency

(Monday, September 26, 2011)

Philadelphia — Customs and Border Protection officers seized more than $139,000, most concealed in black socks, from a couple who arrived from Greece Tuesday at Philadelphia International Airport for violating federal currency reporting laws.

Customs and Border Protection officers seized more than $139,000 dollars in undeclared currency, much concealed inside large black socks, inside the suitcases of two citizens who returned to Philadelphia International Airport from Greece Sept. 20, 2011.

The couple, both U.S. citizens over 70 years of age, and whose names aren’t being released as they weren’t charged criminally, admitted to CBP officers that they possessed only $4,000 between them. Officers explained the federal currency reporting requirements. The couple admitted verbally and in writing that they understood, and then declared in writing that they possessed $6,000.

During a baggage inspection, CBP officers discovered five large, bulky, black socks stuffed with U.S. dollars and Euros and lining the sides of two suitcases. CBP officers also discovered additional loose currency inside their luggage and carry-on bags. CBP officers seized a total of $139,349.38.

Customs and Border Protection officers seized more than $139,000 dollars in undeclared currency, much concealed inside large black socks, inside the suitcases of two citizens who returned to Philadelphia International Airport from Greece Sept. 20, 2011.

There is no limit to how much currency travelers can import or export; however federal law requires travelers to declare amounts exceeding $10,000 in U.S. dollars or equivalent foreign currency.

“Travelers who deliberately refuse to comply with federal currency reporting requirements run the risk of losing their currency, and may potentially face criminal charges,â€