Our money matters
Philadelphia CBP Officers Seize $99K in Unreported Currency from Pakistan-bound Travelers
PHILADELPHIA – U.S. Customs and Border Protection (CBP) officers seized more than $99,000 from a Pakistan-bound U.S. family on Saturday at Philadelphia International Airport (PHL).
CBP officers conducted outbound enforcement operations on a Doha, Qatar-bound flight and encountered a man who verbally reported that he possessed $65,000. Officers provided a CBP form 503 to the traveler that explains federal currency reporting requirements, asked if he understood the law, and asked him to write down his currency amount on the form. The traveler wrote $65,000 and signed the form.
Officers then provided the traveler with a U.S. Treasury Department form (FINCEN 105) and the traveler documented that he possessed $65,000.
U.S. federal law [31 U.S.C. 5316] requires travelers crossing U.S. borders to report all currency and other monetary instruments in their possession that exceeds $10,000 to a CBP officer. Read more about currency reporting requirements.
currency from a Palestine-bound family.
Officers initiated a baggage examination and discovered a total of $99,549 in the traveler’s pockets, in his jacket, and in two carry-on backpacks. Officers seized the currency, returned $5,000 for humanitarian purposes, and released the family.
CBP is not releasing the travelers’ names because none were criminally charged.
“Customs and Border Protection wants to make clear that there is no limit to the amount of money that travelers may carry when crossing U.S. borders, we only ask that travelers be truthful with CBP officers and fully comply with federal currency reporting laws,” said Keith Fleming, Acting Director of Field Operations for CBP’s Baltimore Field Office. “The consequences of not reporting currency appropriately are pretty significant.”
The consequences for violating U.S. currency reporting laws are severe; officers seize the traveler’s currency, and travelers potentially face criminal charges. An individual may petition for the return of seized currency, but the petitioner must prove that the source and intended use of the currency were legitimate.
During inspections, CBP officers ensure that travelers fully understand federal currency reporting requirements and offer travelers multiple opportunities to accurately report all currency and monetary instruments they possess before examining a traveler’s carry-on or checked baggage.
CBP officers have observed that unreported currency can be proceeds from illicit activities, such as financial fraud and narcotics smuggling, and work hard to disrupt the export of these illicit revenues.
CBP seized about $386,000 every day in unreported or illicit currency along our nation’s borders last year. Learn more about what CBP accomplished during “A Typical Day” in 2020.
CBP’s border security mission is led at ports of entry by CBP officers from the Office of Field Operations. CBP officers screen international travelers and cargo and search for illicit narcotics, unreported currency, weapons, counterfeit consumer goods, prohibited agriculture, and other illicit products that could potentially harm the American public, U.S. businesses, and our nation’s safety and economic vitality.
