#fincen 105

CBP Takes $230K in Unreported Cash in Texas

U.S. Customs seized almost $230,000 from a U.S. citizen leaving the United States. This is a different scenario from the usual airport currency seizure case we handle. In this instance, it appears that the people transporting (smuggling). To get the seized money back from Customs this person would need to show that the cash came from a legitimate source, had a legitimate intended use, and file a…

Detroit CBP: “Don’t Lose your Dough, Know Before You Go” – $8M and Counting

Detroit CBP seizes a lot of currency from arriving travelers for failure to report, structuring, or bulk cash smuggling offenses. How much is “a lot”? CBP in Detroit has seized nearly $8 million dollars in currency since October 1, 2014. This seems like more than previous years (reported here). While the following news release, cleverly titled “Don’t lose your dough, know before you go”  only…