#monetary instruments

Maintaining Public “Confidence”–in What?

[photo caption/credit: Over-Confidence is Self-Delusional (courtesy Google Images)]

“confidence: . full trust; belief in the powers, trustworthiness, or reliability of a person or thing: We have every confidence in their ability to succeed. belief in oneself and one’s powers or abilities; self-confidence; self-reliance; assurance:”

“self-delusion, noun:  the action of deluding oneself; failure to…

Maintaining Public “Confidence”–in What?

[photo caption/credit: Over-Confidence is Self-Delusional (courtesy Google Images)] “confidence: . full trust; belief in the powers, trustworthiness, or reliability of a person or thing: We have every confidence in their ability to succeed. belief in oneself and one’s powers or abilities; self-confidence; self-reliance; assurance:” “self-delusion, noun:  the action of deluding oneself; failure to…

CBP JFK Seizes $700k in Counterfeit Monetary Instruments

Just the other day we blogged about a counterfeit currency seizure at an express cargo facility at JFK Airport. Today, there is another story which involves counterfeit bank checks and money orders (also falling under the “monetary instrument” category).

In this instance, they were from the Ivory Coast and were transmitted in an envelope labeled “Documents.” What follows is an excerpt:

Counterfe…

CBP Seizes Counterfeit Money in Ecuadoran Import

This story does not involve a customs currency seizure because counterfeit bills are not considered a monetary instrument under the definitions applicable to 31 USC 5316, but they do present their own problems. Obviously, counterfeit currency is illegal in its own right, whether or not it has been reported to Customs or not. In this instance, the counterfeit bills were not found on an arriving…

Port of Buffalo Customs Currency Seizures by the Numbers (FY 2014)

Last week the Port of Buffalo released its enforcement data for 2014. I do not have any other regional data from other ports to compare it to, but it is clear that there are far more customs currency seizures at the Port of Detroit than at the Port of Buffalo.

For the fiscal year 2014, the Port of Buffalo in New York seized $267,323 in a total of 22 currency seizures; on average then, each…

CBP Seizes Currency after Admission of Structuring Violations

Here’s a new twist on the old storyabout U.S. Customs seizing money from people entering and leaving the United States. In this case, the guy won some money at a casino in the Bahamas and was en route to the United States. Apparently fearing the unknown, he decided to split up divide the money up among 5 people so he would not have to file a currency report. When Customs asked him why he divided…