MIAMI – U.S. Customs and Border Protection (CBP) Office of Field Operations (OFO) officers at Miami International Airport (MIA) arrested a Chilean citizen Thursday for violating federal currency reporting requirements.
During a secondary inspection on July 9th, the man, who arrived from Santiago, Chile, reported possessing $20,000 USD. It was later discovered that the man had given money to three co-travelers in order to evade currency reporting requirements, an illegal practice known as currency structuring. In total, the cash added up to $51,777. CBP officers seized the money and arrested the subject. The subject and currency were turned over to Miami-Dade Police Department (MDPD).
"Customs and Border Protection officers offer travelers multiple opportunities to truthfully report their currency, but those who refuse to comply with federal currency reporting requirements face severe consequences, including potential criminal charges," said Christopher Maston, Port Director, Miami International Airport.
International travelers who arrive or depart the United States in possession of more than $10,000 or equivalent foreign currency are required to report all currency to CBP officers and complete a U.S. Treasury Department Financial Crimes Enforcement Network (FinCEN) form.
In addition to financial enforcement, CBP routinely conducts inspection operations on arriving and departing international flights and intercepts narcotics, weapons, prohibited agriculture products, and other illicit items.
U.S. Customs and Border Protection is the unified border agency within the Department of Homeland Security charged with the management, control and protection of our nation's borders at and between the official ports of entry. CBP is charged with keeping terrorists and terrorist weapons out of the country while enforcing hundreds of U.S. laws.