Tuesday, May 21, 2013

TRAVELING WITH CURRENCY

TRAVELING WITH CURRENCY

There is a small U.S. Customs and Border Protection office on the departure level at Tom Bradley International Terminal.  A large percentage of the traveling public would likely not even notice it, never mind stop by. However, if you are traveling abroad with more than $10,000, there is a certain form you ought to fill out before you head through TSA security and on your flight.

Whether or not you are a U.S. national or an international traveler, you are required to file the FinCEN form 105 when you leave the U.S. border with negotiable monetary instruments in excess of $10,000.  According to the CBP Officer I spoke with, failure to fill out the form may be cause for a 10% fine and/or seizure of the currency.

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