Man Arrested for Not Declaring Cash at Naia Airport
MANILA, Philippines — Authorities arrested a man at Ninoy Aquino International Airport (Naia) for allegedly failing to declare P1.2 million and US$580,000 in cash. The incident highlights ongoing efforts to enforce strict customs regulations and prevent illegal cash transfers.
“The discovery occurred during a routine X-ray screening of the passenger’s checked baggage bound for Hong Kong,” sources said. Upon closer inspection, officials uncovered bundles of undeclared cash hidden inside the luggage.
Cash Concealed in Luggage Violates Laws
The Bureau of Customs confirmed that none of the money was declared, which violates existing laws. The passenger’s identity remains undisclosed as investigations continue.
Authorities noted that the suspect could face charges under Republic Act 10863, also known as the Customs Modernization and Tariff Act. Other possible violations include Republic Act 7653, the New Central Bank Act, and Republic Act 9160, the Anti-Money Laundering Act.
Possible Foreign Exchange Violations
Additionally, the passenger may have breached the regulations set by the Bangko Sentral ng Pilipinas regarding foreign exchange transactions. The case underscores the government’s vigilance in monitoring large sums of money moving across borders.
These efforts aim to prevent money laundering, illegal financial activities, and ensure compliance with customs and banking laws.
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