Customs Agents Seizes P1.4 Million Cash From Malaysian Passenger At NAIA
CUSTOMS AGENTS – NAIA Terminal 3 Customs agents intercepted P1.4 million cash from a passenger.
The Banko Sentral ng Pilipinas (BSP) only allows an individual (either Filipino or foreign) to bring in or take out Philippine money up to P50,000. Any amount exceeding to P50K will require an authorization from BSP.
The Bureau of Customs (BOC) has tightened its security after the entry of ‘dirty money’ by suspected syndicates. In a previous article, Senator Gordon claimed that the money laundering crimes were linked to POGO operations.
Based on a report from GMA News, BOC agents seized P1.1 million cash from a passenger at the Ninoy Aquino International Airport on Friday evening, March 6. BOC released a statement flowing the incident.
They said the money was seized from a Malaysian passenger from Kota Kinabalu. The man arrived at the airport via AirAsia Flight No. Z2 502 last night at around 9:00 p.m. at NAIA 3.
“The Philippine currency was seized for violation of Republic Act No. 10863 (Customs Modernization and Tariff Act) in relation to Bangko Sentral ng Pilipinas (BSP) Circular No. 922 s.2016 on Cross-Border Transfer of Local and Foreign Currencies,” BOC said.
According to the report, the Customs agents noticed that the Malaysian man and his 2 companions were acting suspiciously. The examiner identified the passenger as Gang Kang Hsiung, 32. The examiners checked his baggage to the Customs examination lane. They found bundles Philippine peso bills.
“The Customs Intelligence and Investigation Service (CIIS) and Enforcement and Security Service (ESS) operatives assisted the examiner in undertaking the examination,” the Customs said.
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