MANILA — The Bureau of Customs-Port of NAIA has intercepted another shipment of three (3) packages containing United States Dollar(USD) Bills concealed inside magazines with a total amount of $38,700 in a Fedex warehouse.
The packages were declared as “documents,” which arrived on November 2, 2020. All were sent by the same sender, a certain “Jacqualine Paas” from the United States of America, and are consigned to individuals from Poblacion, Muntinlupa City.
After a thorough physical examination, the packages were found to contain US dollar bills concealed in magazines.
Just last week, BOC NAIA also intercepted USD13,500 of undeclared foreign currencies.
In sum, for the year 2020, the port issued Warrants of Seizure and Detention against various currencies with aggregate equivalent value of Php29,875,000.
It can be recalled that a 2015 report of Financial Action Task Force (FAFT) on Money Laundering Through the Physical Transportation of Cash identified concealment of cash in cargo and mail as one of the techniques in money laundering.
District Collector Carmelita M. Talusan again reminds the public that under the BSP Manual of Foreign Exchange Transaction, in importing foreign currencies the importer simply needs to declare the amount intended to be imported using the prescribed Foreign Currency Declaration Form.
The seized foreign currencies shall be subjected to seizure and forfeiture proceedings in violation of Sections 1400 (Misdeclaration) and 1113 of R.A. No. 10863 (CMTA) in relation to the R.A. 7653 (New Central Bank Act) and BSP Foreign Exchange Transaction Manual.
The Bureau of Customs under Commissioner Rey Leonardo B. Guerrero will continue to be diligent in carrying out the Bureau’s mandate of strictly implementing regulatory laws and rules in the country’s border.
Kiara Lauren Ibanez / BENJAMIN CUARESMA