$72,000 in undeclared currency seized from traveler.

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According to a U.S. Customs and Border Protection (CBP) press release, CBP officers at Orlando International Airport (MCO) seized over $72,000 in currency from a traveler who failed to declare the entire amount of the currency they were carrying.

The traveler initially said they were only in possession of $15,000.00. CBP officers then presented the traveler with a Fincen form in which the traveler wrote the amount of $51,000. After further inspection, CBP officers discovered additional bundles of cash inside a backpack – leading to a seizure of $72,000 in currency.

If you are ever presented with a Treasury Department Financial Crimes Enforcement Network (FinCEN) form, you must write down the accurate amount of currency you are carrying (including checks, money orders, foreign currency and other monetary instruments).

Violations of the reporting requirements typically lead to a seizure of the currency and may lead to involvement by HSI – resulting in your arrest. If you have had your currency seized by CBP, contact experienced currency seizure attorney David Hsu at 832-896-6288 or by email at attorney.dave@yahoo.com, dh@gjatradelaw.com.

One response

  1. Greetings,
    Are electronic transfers of large amounts of money from foreign nations, specifically Russia, subject to the regulations and requirements of FinCEN Form 105? Does either or both the recipient and sender need to fill out this form?

    Thank you kindly,
    Craig

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