STERLING: U.S. Customs and Border Protection (CBP), Office of Field Operations (OFO), at Washington Dulles International Airport seized $16,951 on Thursday from a Virginia woman for violating federal currency reporting regulations.
There is no limit to how much currency travelers can import or export; however federal law requires travelers to report to CBP amounts exceeding $10,000 in U.S. dollars or equivalent foreign currency.
A woman boarding a flight to Ghana was selected for questioning by CBP officers who were conducting an outbound enforcement operation on an international flight. The woman completed a financial form, reporting $10,000, however; a total of $16,951 in U.S. and foreign currency was discovered on her person and in her luggage. CBP officers seized the $16,951, returned the equivalent of $192 in foreign currency as humanitarian relief, and advised her how to petition for the return of the rest of the currency.
“Travelers who refuse to comply with federal currency reporting requirements run the risk of having their currency seized, and may potentially face criminal charges,” said Wayne Biondi, CBP Area Port Director for the Port of Washington Dulles. “The traveler was given the opportunity to truthfully report her currency. The easiest way to hold on to your money is to report it.”
In addition to currency enforcement, CBP routinely conducts inspection operations on arriving and departing international flights and intercepts narcotics, weapons, prohibited agriculture products, and other illicit items.
Travelers are encouraged to visit CBP’s Travel website to learn rules governing travel to and from the U.S.
The Privacy Act prohibits releasing the traveler’s name since she was not criminally charged.
FBR fails to recover Rs5.62b in taxes from 106 taxpayers
LAHORE: The Federal Board of Revenue has failed to recover Rs5.62 billion in taxes from 106 taxpayers across 14 field...
