THE Bureau of Customs (BOC) Subport of Mactan confiscated undeclared foreign currency from a Korean national who arrived at Mactan-Cebu International Airport (MCIA) Terminal 2 aboard Jin Air Flight LJ31 from South Korea recently.
During a physical examination of the passenger’s baggage, conducted in the presence of the passenger and witnessed by BOC personnel, Customs examiners discovered undeclared Japanese Yen (JPY) amounting to JPY10,000,000.
While the passenger was allowed to keep the freely importable amount of JPY1,480,000.00 (equivalent to USD10,000), the Subport of Mactan recommended the issuance of a Warrant of Seizure and Detention (WSD) against the remaining JPY8,520,000.00 for violating BSP regulations on cross-border currency transfers and Section 1113 of Republic Act No. 10863, also known as the Customs Modernization and Tariff Act (CMTA).
Collector Gerardo A. Campo emphasized the importance of adhering to customs regulations, stating, “The Bureau of Customs remains vigilant in its efforts to prevent the illicit movement of local and foreign currency across our borders. We urge all travelers to comply with the declaration requirements to avoid any inconvenience or legal consequences. Individuals may freely bring foreign currencies into or out of the Philippines up to a maximum amount of USD 10,000, or its equivalent. However, amounts exceeding USD 10,000 must be declared through the E-Travel system and the Foreign Currency Declaration Form (FCDF) upon arrival at, or prior to departure from, any Philippine airport.”
Commissioner Bienvenido Y. Rubio reiterated the BOC’s commitment to safeguarding the country’s economic interests and curbing potential anti-money laundering activities. “We will continue to work diligently to detect and address any violations, reinforcing our dedication and commitment in safeguarding the country’s economic interests, the integrity of the international financial system, and curb possible anti-money laundering activities. The cooperation of travelers in adhering to these regulations is crucial in supporting our mission.”
Under the leadership of District Collector Romeo Allan R. Rosales and the guidance of Commissioner Rubio, the Subport of Mactan under Collector Campo remains committed to strengthening border protection, aligning with the directives of President Ferdinand R. Marcos, Jr.
