Customs authorities at the Port of NAIA seized some P400,000 from a Filipina passenger while attempting to bring out of the country the Philippine currency without required written authorization from Bangko Sentral ng Pilipinas.
In a statement, the passenger, whose name was withheld pending investigation was held and will face criminal charges violating the Manual on Cross Border Local and Foreign Exchange Transaction under BSP Circular 922, Series of 2016.
The Filipina passenger is currently detained and will be fined with not less than P50,000 but not more than P200,000 or imprisonment of not less than two years nor more than 10 years, or both, at the discretion of the court, the BOC said.
The public is advised that for cross border transaction of local currency, if the amount sought to be exported or imported exceeds P50,000, a written priority authority from BSP is required.
The BOC did not give details on where the female passenger will be going and her purpose of bringing the money outside of the country.
