Bulk Currency Seizures

iStock_000007526810MediumIn the last two years there have been a number of bulk currency customs seizures, some relating to drug trafficking from Mexico and beyond.  In 2013, several individuals were caught smuggling cash including one person caught with $90,000.00 in U.S. currency and another with $13,000 in U.S. currency.  These individuals were charged with bulk cash smuggling under 31 U.S.C. 5332.  The law makes it a criminal offense to knowingly conceal more than $10,000 in currency or monetary instruments (such as money orders or cashier’s checks) and attempt to transport them from the U.S. abroad or from abroad into the U.S. with the intent to evade a currency reporting requirement under 5316.  Concealment can be on your person including in your clothing or in luggage or other personal articles worn or carried.

The penalty for this crime is up to 5 years imprisonment and forfeiture of any property, real or personal, involved in the offense.  These are difficult charges to face because they are typically associated with other illegal activities such as drug trafficking or customs fraud.  Federal law enforcement agents are poised to crack down on these crimes and courts may also respond with a heavy hand.

This is why it is imperative that you obtain legal counsel if your property has been seized or if you are facing charges such as this.  Time is of the essence because there are typically harsh deadlines associated with these seizures.  Call our attorneys at 877-406-6906 for a free consultation or contact us with a private message

 

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