U.S. Customs (CBP) has issued a public reminder on reporting currency in the Caribbean to travelers to when either entering the United States or at their preclearance facilities in Nassau or other foreign countries. This is might be connected with the recent Caribbean traveler who did not report $45,000 in currency that we blogged about.
Here’s the reminder from CBP on reporting currency in the Caribbean directed at travelers:
U.S. Customs and Border Protection has seen a recent spike among Caribbean travelers who are not reporting the required currency amount to CBP officers at ports of entry upon entering or departing the United States.
Individuals are permitted to carry any amount of currency or monetary instruments into or out of the U.S., but if it is $10,000 or higher, they must formally report the currency to CBP using a Department of the Treasury Financial Crimes Enforcement Network FinCEN Form 105.
If travelers have someone else carry the currency or monetary instrument for them, they must file a currency report for the entire amount with CBP. Failure to report [cash] carries serious consequences.
“It is important for all travelers to make an accurate declaration of all monetary instruments,” said Jeff Mara, CBP port director for Nassau Preclearance. “Upon a failure to do so, they not only face the possibility of a penalty or seizure of all their funds, but they also face potential criminal prosecution.”
This reminder on reporting currency in the Caribbean should not fall on deaf ears. In our legal roadmap of a customs money seizure we provide a detailed explanation of the consequences of traveling with money and not report that money to CBP, and why you should be extraordinarily careful in what you do and say in trying to get the money back.
We have been trusted by over 130 people, as shown in our case results section, to help get their seized currency returned.