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Customs seizes P400,000 cash from Filipino passenger at NAIA
A Filipina passenger was apprehended at the Ninoy Aquino International Airport (NAIA) for attempting to smuggle P400,000 in cash out of the Philippines without the necessary authorization from the Bangko Sentral ng Pilipinas (BSP).
The passenger was intercepted by Bureau of Customs agents at the Port of NAIA while trying to leave the country.
Carrying undeclared local currency exceeding P50,000 requires a written priority authority from the BSP, as stipulated by BSP Circular No. 922, Series of 2016.
The passenger is currently detained and faces criminal charges for violating the New Central Bank Act and the Customs Modernization and Tariff Act.
Penalties for these violations include fines ranging from P50,000 to P200,000 and/or imprisonment from two to ten years, with additional potential penalties under the Customs law.
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