Last week, U.S. Customs and Border Protection (CBP) seizure of three currency reporting violations resulted in a total seizure of over $124,000. The three violations included:
1. CBP seizure of $83,093 from a traveler to Ghana
2. CBP seizure of $23,082 from travelers arriving from Colombia
3. CBP seizure of $18,519 from a traveler to Pakistan
As you may or may not know, any traveler entering or departing the US must declare $10,000 or more in currency or monetary instruments. A common misconception among travelers is any declared value will be taxed – however, CBP will NOT tax any money reported. CBP will however, seize all unreported currency or monetary instruments over $10,000.
If you have had your hard earned money seized by customs while entering or departing the United States, call experienced money seizure attorney, David Hsu for immediate help – 832.896.6288, or by email at email@example.com.