|
Last Updated: Feb 7, 2012 - 8:43:00 PM |
International Transport to/from the U.S. with $10,000 Currency or More
-- Reporting Requirements, U.S. Customs and Border Protection (CBP)
Thursday, January 26, 2012.
The U.S. Embassy would like to remind travelers in and out of The Bahamas that under the United States of America and The Bahamas Preclearance Agreement Act, a traveler departing on a pre-cleared flight from the Lynden Pindling International Airport in Nassau, or Grand Bahama International Airport in Freeport to the U.S., must declare to CBP anything contained in his/her baggage or being hand-carried by the passenger using the Customs Declaration form.
While it is legal to transport any amount of currency or other monetary instruments into or out of the United States, a traveler entering or exiting the U.S. with an amount exceeding USD $10,000 - or its foreign equivalent - must file with CBP prior to departure FinCen Form 105, Report of International Transportation of Currency or Monetary Instruments <http://www.fincen.gov/forms/files/fin105_cmir.pdf> .
According to the Currency and Foreign Transaction Reporting Act, if a traveler asks someone to carry currency or monetary instruments on his/her behalf and the full amount exceeds $10,000 then the traveler is required to report the total amount to CBP. This means that you may not give unreported money to any other individual to transport for you if the total amount exceeds $10,000 unless you declare you are the owner of the currency when going through customs.
For additional information regarding customs and currency, visit CBP's website page on Monetary Instruments <http://www.cbp.gov/xp/cgov/travel/vacation/kbyg/money.xml>, or review CBP's publication "Know Before you Go.<"http://www.cbp.gov/linkhandler/cgov/travel/vacation/kbyg/kbyg_regulations.ctt/kbyg_regulations.pdf>
For emergencies involving U.S. citizens, please contact the U.S. Citizens Services Unit of the U.S. Embassy's Consular Section, located 42 Queen Street (across from the British Colonial Hilton Hotel), Nassau; telephone: 242-322-1181; after hours emergency telephone: 242-357-7004; ACS unit fax: 242-356-7174; e-mail: ACSNassau@state.gov; web page: http://nassau.usembassy.gov.
U. S. Embassy
Nassau, Bahamas
© Copyright 2012 by thebahamasweekly.com
Top of Page
