Cash seizures at airports have spiked in Detroit, and also apparently in other regions, such as Dulles airport. As a case in point, here is yet another story about CBP seizing cash from a traveler at the airport in Sterling, Virginia: Washington Dulles International Airport.
Here is the full story (original here):
U.S. Customs and Border Protection (CBP) officers seized more than $25,000 Wednesday from travelers departing Washington Dulles International Airport for violating federal currency reporting regulations.A Bosnia and Herzegovina-bound family reported to CBP officers that they possessed $9,000. The father then signed a U.S. Treasury form reporting they possessed $15,000.A CBP inspection discovered a total of $19,754 in U.S. dollars and 5,085 Euros, combined equivalent to $25,616 in U.S. dollars, in possession of the three-person family.
CBP officers seized the currency and returned 985 Euros ($1,135 U.S. dollar equivalent) to the family for humanitarian purposes. No charges were filed. Officers released the family to continue their travel.
And here is what CBP Dulles is saying about the up-tick in airport currency seizures on their watch:
This is CBP’s third outbound currency seizure in two weeks at Dulles. CBP officers seized $29,698 from a Qatar-bound family July 9 and $18,900 from a Ghana-bound man July 11. Read more about those unreported currency seizures.
“These continued currency seizures clearly illustrate the consequences of travelers not making truthful declarations to Customs and Border Protection officers,” said Wayne Biondi, CBP Port Director for the Area Port of Washington Dulles. “The best way to keep all of your currency is to honestly report it all to Customs and Border Protection officers during inspection.”
They go on to get the reporting requirement, wrong, again (hint: it is more than $10,000, not $10,000 or
Travelers may carry as much currency as they wish into and out of the United States. Federal law requires that travelers must report all U.S. and foreign monetary instruments totaling $10,000 or greater on a U.S. Treasury Department financial form. None of the currency is taxed.
It is also true that none of the money is taxed, at least by Customs. If it is considered “income,” it may be taxable. But if you’ve already paid income taxes on the money, then it is definitely not taxable again by the IRS.
Has CBP seized your cash at the airport?
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