Millions In Cash Seized By U.S. Customs At Detroit Border
Thursday July 9th, 2015
Posted at 12:07pm
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Nearly seven million dollars in unreported currency was seized at ports of entry in the Detroit region, according to new information released by U.S. Customs.
The unreported currency, totalling over $7,900,000, was seized at within the Detroit Field Office, which includes ports of entry such as the Detroit-Windsor Tunnel, the Ambassador Bridge, and the Detroit-Windsor Truck Ferry, among others like Metro Airport.
“There is no limit as to how much currency travelers can import or export; however to avoid subjecting the money to seizure, it’s always best to report it and file the proper paperwork” said Christopher Perry, Director of Field Operations for the Detroit Field Office.
U.S. Customs says the transport of any currency and/or monetary instruments (i.e. cashier’s checks) over $10,000 must be reported to a CBP Officer upon arrival into or exiting the United States. Penalties can range from civil fines up to and including seizure of the currency and arrest.
They say currency and reporting laws were enacted to thwart bulk cash smuggling of drug trafficking organizations, terrorist finance networks and other criminal activities.