CBP seizes combined $152k in unreported currency from two travelers in April 2018.

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Courtesy CBP.gov Website

According to the U.S. Customs and Border Protection (CBP), officers at the Philadelphia International Airport seized a combinedĀ total of 152,342 in unreported currency from two travelers departing out of who recently departed PHL.

As a general rule, travelers can carry as much currency (cash, checks, money orders, or other monetary instruments), but MUST report all amounts totaling $10,000 or more on a U.S. Department of Treasury financial form.

The first seizure took place on April 1st, where a traveler headed to Turkey was seized with $46,500 and the second seizure occurred on April 7th, where a traveler to Ghana had possessed $105,842.

If you or anyone you know has had cash seized at the airport, contact experienced currency seizure attorney David Hsu at 832.896.6288 or email at dhsu@givensjohnston.com for immediate assistance.

We work hard to get your hard earned money back from Customs, don’t delay – call today!

Help! CBP seized our cash even though each of us only carried $6,000.

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We often hear from our clients that Customs seized their cash even though they were carrying less than $10,000. The typical scenario is a couple traveling overseas. The husband is carrying $6,000 in cash and the wife carries another $6,000 in cash. To most people, this appears to not violate the $10,000 reporting rule, right?

Unfortunately, it’s wrong. In the eyes of Customs, this is “structuring”. Structuring is when a person has divided more than $10,000 upon import or export of money or equivalent to avoid reporting. The law against structuring is found under 31 USC Section 5316.

We all know air travel is stressful, but next time, be sure to just report all the currency you have with you over $10,000. The cash is not taxed and reporting the money will ultimately save you time and stress. Cash seizures at airports will take several hours and you will more than likely miss your flight, or your connecting flight and the important events you have planned at your destination.

It is important to note that structuring still applies even if it is done over several days, weeks or months and structuring still applies regardless of the form of the money (whether it is in cash, travelers checks, or other monetary instruments).

So what are the penalties for currency seizures?
There are both civil and criminal penalties for structuring currency, it all depends on the circumstances of the seizure. The money can be seized, forfeited, and you may beĀ  fined, or face additional criminal penalties if there is a pattern of illegal activity over a year long period.

Additionally, once you are in the Customs database and have a record for one currency seizure, each entry and exit to and from the US may result in heightened scrutiny from CBP.

NEED HELP?
If you or someone you know has faced a currency seizure for structuring or a cash seizure for failure to declare, contact experienced money seizure attorney David Hsu at 832-896-6288 or by email at dhsu@givensjohnston.com.

 

CBP seizes a combined total of $124k in unreported currency from travelers at Dulles airport.

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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 dhsu@givensjohnston.com.

Boston CBP Officers find $10k in cash sewn into arriving passenger’s pants.

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According to a CBP Public Affairs media release – on January 18, 2018, U.S. Customs and Border Protection (CBP) at Logan International Airport seized more than $29,000 in undeclared currency from a traveler arriving on a flight from Israel.

The traveler (a U.S. Citizen), initially told CBP he was carrying $7,000 for him and an additional $7,000 for a friend. A subsequent baggage examination resulted in a finding of about $18,000 total. Upon even further inspection (which will always happen), CBP found an additional $10,000 sewn into the pockets of the pants belonging to the traveler.

As a general rule, travelers can carry as much cash and other forms of currency into and out of the United States as long as all amounts greater than $10,000 are reported on a U.S. Treasury Department financial form (FinCen 105 form).

Unfortunately for this traveler, how the money was concealed and the subsequent seizure means he will have to petition CBP to get back his money.

If you or anyone you know has had currency seized at an airport, seaport, or any other port of entry by CBP, call David Hsu at 832.896.6288 or email dhsu@givensjohnston.com for immediate assistance. Certain time limitations apply so call 832.896.6288 for a free consultation and to start getting your money back.

 

CBP seizes $110,000 in money from travelers going to Taiwan.

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According to a CBP Public Affairs release on December 12, 2017, U.S. Customs and Border Protection (CBP) officers at George Bush Intercontinental Airport in Houston (IAH) seized over $110,000 USD from a couple flying from Houston (IAH) to Taipei (TPE).

International travelers leaving or entering the US can carry an unlimited amount of money must report any currency (checks, cash, money orders, etc.) in any denomination (USD, Euro, Yen, RMB, NTD, etc.) over $10,000.

The travelers subject of the December 12th press release reported $50,000 to CBP but a subsequent search resulted in a total finding of $110,204. The money was seized by CBP and the travelers departed to Taiwan.

The press release also indicates that CBP seizes approximately $289,609 in undeclared or illicit currency each day at the various air, land, and sea ports of entry into the United States.

If you or anyone you know has had money seized at any airport, border crossing or seaport while entering or leaving the US, contact David Hsu at 713.932.1540 or by email at dhsu@givensjohnston.com for a free consultation.