Tuesday, September 27, 2011

Philadelphia CBP Seize $139K in Undeclared Currency

Drugs, weapons, money, terrorist supplies... all in a day's work as described in these homeland security books written by homeland security agents.

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. 

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. 

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,” said Allan Martocci, CBP Port Director for the Area Port of Philadelphia. “The easiest way to hold on to your currency is to honestly declare it.”

The couple were provided with directions to petition for their currency and released.

In addition to narcotics interdiction, CBP routinely conducts random inspection operations on arriving and departing international flights and intercepts currency, weapons, prohibited agriculture products or other illicit items.

Travelers are encouraged visit CBP’s Travel website to learn rules governing travel to and from the U.S.

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.

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