#currency report

[customslaw]

Border Patrol Arrests Man with $830K Stashed in Dashboard

Border Patrol Arrests Man with $830K Stashed in Dashboard

http://www.cbp.gov/newsroom/local-media-release/2014-07-03-000000/border-patrol-arrests-man-830k-stashed-dashboard

TEMECULA, Calif.—U.S. Border Patrol agents arrested a man Tuesday who had hidden large quantities of cash behind his SUV’s dashboard.

The incident occurred at approximately 2 p.m. when agents patrolling Interstate 15 stopped a 2010 Dodge Journey. The 54-year old Mexican national…

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[swastikainvestmart]

The rupee respected by two paisa to 65.56 against the US dollar in early on buys and sell on Thursday. The Local currency had rushed 38 paisa to stay at a 5-week high of 65.58 against the greenback in the last session at the Interbank Foreign Exchange. The RBI, in its policy review on Tuesday, reduce policy charge by 50 basis points, tracking which some public and private division banks have started lessening their base charges. This has increased expect that financial improvement would now pick up pace.

[customslaw]

Customs Currency Seizure of $100k

Customs Currency Seizure of $100k

U.S. Customs seized over $100,000 from some Mexican nationals 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) the money are facing criminal prosecution because their names are being used.

The full story is here, but is excerpted below:

Two Mexican nationals were…

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[customslaw]

US CBP Seizes $10.6M Cash in Caribbean in FY 2014

US CBP Seizes $10.6M Cash in Caribbean in FY 2014

Last year, U.S. Customs & Border Protection — CBP — in Puerto Rico and the U.S. Virgin Islands seized $10.6 million dollars in unreported currency, smuggled bulk cash, or unlawful currency structuring violations. Last year I called that an overwhelming amount of seized currency.

Most of these customs currency seizures occur at airports, ferry crossings, etc. CBP for Puerto Rico and the U.S.…

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[customslaw]

Crossing the Border by Dog Sled

Crossing the Border by Dog Sled

Customs news of the interesting from newsminer.com. What happens if you’re on a 1,000 mile dog sled race, you are approached by U.S. Customs & Border Protection, and you forgot your passport at home? Let’s see:

In the middle of the Yukon Quest, mushers take the 147-mile trail journey between Dawson City and Eagle. As they sit down to a bowl of moose stew inside the old Eagle school, an officer…

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[customslaw]

CBP Seizes Total of $37K in Money at Airport

CBP Seizes Total of $37K in Money at Airport

U.S. Customs and Border Protection has once again demonstrated its money-seizing prowess in a news releases about airport money seizures at Dulles airport. In the story, Customs seized money totaling approximately $37,000 from two different sets of people. You can read our popular page on Responding to a Customs Money Seizure HERE.

The story itself showcases how irrational a person can be when pa…

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[customslaw]

Cash Seized by U.S. Customs and Arrest for Bulk Cash Smuggling

Cash Seized by U.S. Customs and Arrest for Bulk Cash Smuggling

U.S. Customs reports on a recent customs bulk cash smuggling seizure from a Mexican national attempting to leave the United States. The money was seized and he is being criminally charged. The total amount seized from this individual was $37,181. In order to prevail on criminal bulk cash smuggling charges government must prove, beyond a reasonable doubt, the cash seized by customs was concealed…

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[customslaw]

Statute of Limitations for Currency Reporting Violations

Statute of Limitations for Currency Reporting Violations

This is an article about the statute of limitations for currency reporting violations (failure to report monetary instruments over $10,000, bulk cash smuggling, and structuring); in other words, how soon after an offense is committed (or when the currency is seized) that the government must bring criminal charges against you before they are prevented by the statute of limitations. If you want to…

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