{"id":5779,"date":"2012-09-06T08:01:35","date_gmt":"2012-09-06T13:01:35","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=5779"},"modified":"2012-09-09T13:16:02","modified_gmt":"2012-09-09T18:16:02","slug":"american-busted-at-tocumen-with-37k-in-undeclared-cash","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/american-busted-at-tocumen-with-37k-in-undeclared-cash\/","title":{"rendered":"American Busted At Tocumen With $37K in Undeclared Cash"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2012\/09\/cash-seizure.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5780\" title=\"cash seizure\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2012\/09\/cash-seizure.jpg\" alt=\"\" width=\"568\" height=\"285\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2012\/09\/cash-seizure.jpg 568w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2012\/09\/cash-seizure-300x150.jpg 300w\" sizes=\"auto, (max-width: 568px) 100vw, 568px\" \/><\/a><\/p>\n<p>Don&#8217;t ever\u00a0 try this\u00a0 as you will loose your money.<\/p>\n<p>Don Winner from the Panama Guide reports yet another incident of stupidity, try to bring undeclared cash into Panama.<\/p>\n<p>Panamanian Customs authorities seized this Tuesday, 4 September 2012,  $37,480 from an American citizen who failed to declare the cash when  entering the country from Los Angeles, California, said an official  source.<\/p>\n<p>Customs inspectors stationed at the Tocumen International Airport  noticed the irregularity when the foreigner, who they did not identify,  said he was not bringing more than $10,000 dollars in cash, according to  a statement from the National Customs Authority (ANA).<\/p>\n<p>When the foreigner sent his luggage through the scanner, Customs  agents suspected something irregular, so they made a second inspection  and found the undeclared money, said the source.<\/p>\n<p>According to legal procedures, the American will be investigated to delineate his responsibility, the report said.<\/p>\n<p>The foreigner violated customs laws that require any person  entering the country to declare to the ANA when they are carrying more  than $10,000 dollars in cash or securities, which is grounds for  confiscation and sanctions.<\/p>\n<p>Those persons found to be carrying undeclared cash are given $500  dollars for personal expenses, pending the investigation of the origin  of money they carried.<\/p>\n<p>With this most recent seizure, so far this year the ANA has  seized a total of $2.3 million dollars in undeclared cash, said Customs.  (Prensa)<\/p>\n<p><strong>Editor&#8217;s Comment:<\/strong> This person probably won&#8217;t get the money  back. Now the FBI, IRS, and every three letter organization that ends  in &#8220;Agency&#8221; will be looking at this dude hard. They hand you $500 bucks,  take a statement, and send you on your way while they open an official  investigation for suspected money laundering. The drug traffickers hire  mules to haul cash on airplanes. In Panama the drugs go North and the  cash comes South. Welcome to Panama. It should be noted it is NOT  illegal to bring more than $10,000 in cash with you, as long as you  declare it to Customs upon arrival. If you sell a house in the States  (for example) and bring a huge wad of cash with you &#8211; then good for you.  You can only get yourself in trouble if you don&#8217;t declare the money.  Like this guy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Don&#8217;t ever\u00a0 try this\u00a0 as you will loose your money. Don Winner from the Panama Guide reports yet<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5779","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>American Busted At Tocumen With $37K in Undeclared Cash - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/american-busted-at-tocumen-with-37k-in-undeclared-cash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"American Busted At Tocumen With $37K in Undeclared Cash\" \/>\n<meta property=\"og:description\" content=\"Don&#8217;t ever\u00a0 try this\u00a0 as you will loose your money. 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