(If so, we can help. See below)
When traveling to the U.S. and transporting more than $10,000, you must declare the exact amount of “monetary currency” you are transporting to U.S. Customs and Border Protection. “Monetary instruments” include:
There are no customs duties, taxes or other fees paid to U.S. Customs for the international transportation of the money; it is merely a reporting requirement to U.S. Customs using Declaration Form 6059B.
Many times, the rationale for seizure is that parties traveling together split their currency. Travelers will advise CBP that they are each carrying less than the $10,000 minimum requirement for reporting. When in fact, together they have over the $10,000 minimum, typically resulting in ALL of the currency on hand being seized. CBP issued a final rule, “to broaden the definition of “members of a family residing in one household” to more accurately reflect relationships for U.S. citizens, residents and international visitors who are traveling together as a family.” If you meet the definition of a family you cannot split currency.
If your currency is seized, contact Diaz Trade Law today. We have helped numerous individuals get their currency back. We are experts in currency seizure cases, we will discuss your options, including filing a Petition with CBP. Jennifer Diaz is a board certified expert in International Law, and has assisted numerous international travelers with successfully recovering currency seized.
See Blog Posts on currency seizure cases here:
Some REAL examples include: