As if the declaration rule wasn't difficult enough for the uninformed traveler, whether you are traveling with a family member or even a friend if you as a group have in total $10,000 or more, you cannot divide the currency between each other to avoid declaring the currency. This includes: Cash in any currency, Traveler’s Checks, and Authorized Checks.
For example, if one person is carrying $5,000 and the other has $6,000, you would have a total of $11, 000 in your possession and must report it on a FinCEN 105. If a person or family fails to declare their monetary instruments in amounts of over $10,000, their monetary instrument(s) could subject to forfeiture and could result in civil and/or criminal penalties.
If this has happened to you, or to a friend or loved one, time is of the essence, Call Now!
If your cash or property was seized by the U.S. Customs and Border Protection and you fail to act in a timely manner, then you will automatically lose. In most cases you must file a petition within 30 days of the seizure notice.
The Federal Government regularly seized millions of dollars from Travelers every year, don’t let them take your money without a fight, Nationwide call our Attorneys at 877-406-6906 for a free consultation, or contact us with a private message.
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