CBP U.S. Border Patrol Makes Significant Arrests Over Holiday Weekend
GRAND PORTAGE, MINN.—U.S. Customs and Border Protection (CBP) is reminding travelers planning trips into and out of the United States of the requirement to report all importations and exportations of monetary instruments in excess of $10,000 (USD).
Travelers may bring into or take out of the country, including by mail, as much money as they wish. However, if you transport more than $10,000 you must file a report with CBP. Families traveling together should declare currency if the total combined amount is more than $10,000. The report is called a Report of International Transportation of Currency or Monetary Instruments, FinCEN Form 105. This form can be obtained at all U.S. ports of entry or for more information, please visit the on the Department of Treasury Web site.
The reporting requirement does not impose any restriction or payment of duty, fees or taxes.
Monetary instruments include:
- U.S. or foreign coins and currency (cash);
- Traveler checks in any form;
- Negotiable instruments (including checks, promissory notes, and money orders) that are either in bearer form, endorsed without restriction, made out to a fictitious payee, or otherwise in a form that the funds can be transferred to another person;
- Incomplete instruments (including checks, promissory notes, and money orders) signed, but with the payee's name omitted; and
- Securities or stock in bearer form or otherwise in a form that the funds can be transferred to another person.
However, the term "monetary instruments" does not include:
- Checks or money orders made payable to the order of a named person which have not been endorsed or which bear restrictive endorsements;
- Warehouse receipts; or
- Bills of lading.
Reporting is required under the Currency and Foreign Transaction Reporting Act (PL 97-258, 31 U.S.C. 5311, et seq.), as amended. Failure to comply can result in civil and criminal penalties and may lead to forfeiture of your monetary instrument(s). For more information, please visit CBP.gov.
"It is not a crime to transit monies across the border, it is an offense to conceal it with the intent of circumventing the federal reporting requirements," said Area Port Director Mary Delaquis. "While our focus is on terrorism prevention and the interdiction of contraband, detecting undeclared financial proceeds is also an important law enforcement mission."
The Office of Field Operations is responsible for securing our borders at the ports of entry. U.S. Customs and Border Protection officers' primary mission is anti-terrorism; they screen all people, vehicles, and goods entering the United States, while facilitating the flow of legitimate trade and travel into and out of the United States. Their mission also includes carrying out traditional border-related responsibilities, including narcotics interdiction, enforcing immigration law, protecting the nation's food supply and agriculture industry from pests and diseases, and enforcing trade laws.
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.