Customs intercepts P1.8M undeclared currencies from passenger

On February 21, customs agents at Terminal 1 in Parañaque City intercepted undeclared foreign currencies valued at over P1.8 million from a Filipino passenger departing for Hong Kong.

During routine X-ray screening, suspicious items were flagged in the passenger's hand-carried baggage, leading to a physical examination that revealed bundles of Japanese yen (3.95 million JPY), euros (20,000 EUR), and Kuwaiti dinar (8,500 KWD).

District Collector Yasmin Mapa reported that inquest proceedings have been initiated against the passenger under various laws related to foreign exchange transactions and anti-money laundering.

Since January 2025, the Bureau of Customs-NAIA has recorded 28 instances of undeclared or falsely declared currencies being seized by authorities.

Customs Commissioner Bienvenido Rubio emphasized that these efforts align with President Marcos Jr.'s national strategy against money laundering and terrorism financing and underscore the government's commitment to financial integrity and national security.

The BOC's actions highlight its dedication to upholding customs laws and international financial regulations while securing the nation's borders against illicit monetary flows.