CBP Officers Seize $91,708 in Unreported Currency at Laredo Port of Entry
LAREDO, Texas – U.S. Customs and Border Protection (CBP) officers and agents at the Laredo Port of Entry this weekend seized more than $90,000 in unreported currency in an outbound enforcement action.
“Our CBP officers maintained their vigilance in the outbound environment and applied an effective combination of officer experience and resources to seize more than $90,000 in unreported currency,” said Port Director Gregory Alvarez, Laredo Port of Entry.
The interception occurred on Friday, Oct. 21 while CBP officers and agents conducting outbound (southbound) inspections at the Lincoln-Juarez Bridge referred a 2013 Toyota Prius driven by a 30-year-old male Mexican citizen for a secondary inspection. CBP officers conducted an intensive secondary examination of the vehicle and discovered packages hidden within the vehicle that contained $91,708 in unreported currency.
CBP officers seized the currency and the vehicle. CBP officers arrested the driver and turned him over to Homeland Security Investigations (HSI) special agents for further investigation.
Individuals are permitted to carry any amount of currency or monetary instruments into or out of the U.S., however, if the quantity is more than $10,000, they will need to report it to CBP. “Money” means monetary instruments and includes U.S. or foreign coins currently in circulation, currency, traveler’s checks in any form, money orders, and negotiable instruments or investment securities in bearer form. Failure to declare may result in seizure of the currency and/or arrest.