Last month, CBP officers in Laredo seized $125,000 in bulk cash smuggled out of the USA into Mexico. The story highlights the consequences of failing to report currency amounts exceeding $10,000 and engaging in bulk cash smuggling, both civil and criminal offenses that can result in currency seizure criminal jeopardy.
Unless as person is involved in other illegal activity (i.e., drug crimes, money laundering, etc) then it’s unlikely the person will face criminal charges for simply carrying or hiding more than $10,000. Most of our (more than 630) clients over the past 14 years have never faced criminal prosecution for their currency reporting violations.
They do, however, usually face a difficult bureaucracy, confusing procedures, differing options, and arbitrary denials quite regularly. We specialize in navigating this complex terrain and providing assistance. But first, let’s delve into the details of this recent seizure publicized by CBP:
U.S. Customs and Border Protection officers at the Gateway to the Americas Bridge recently seized over $125,000 in unreported currency hidden within a passenger vehicle during an outbound examination.
“It is important to acknowledge the efforts of our CBP officers who continue to maintain law and order,” said Port Director Alberto Flores, Laredo Port of Entry. “Currency seizures intercepted play a significant role in reinforcing border security and safeguarding communities from the threat of illicit activities.”
The seizure occurred on Monday, November 20 at the Gateway to the Americas Bridge when a CBP officer conducting outbound examinations selected a 2014 Chevrolet Malibu driven by a 36-year-old male U.S. citizen for examination. After initial inspection, CBP officers conducted an intensive physical examination and discovered a total of $125,306 in unreported currency hidden within the vehicle.
CBP officers seized the currency. Homeland Security Investigations (HSI) special agents arrested the driver and initiated a criminal investigation.