The Bureau of Customs (BOC) intercepted undeclared foreign currency carried by an arriving passenger at NAIA Terminal 1 worth nearly P4 million.
District Collector Yasmin Mapa said personnel discovered Y10,000,000, estimated at P3.7 million, in the passenger’s luggage.
Only Y1,560,000, or about $10,000, was returned as it is within the allowable limit. The remaining Y8,440,000 was confiscated for failure to declare it in the e-Travel system.
The BOC said the violation falls under several provisions of the Customs Modernization and Tariff Act and BSP rules on foreign exchange reporting.
The bureau continues to strengthen inspection protocols to curb financial irregularities and smuggling attempts at ports of entry.
Commissioner Ariel Nepomuceno said the interception highlights their commitment to enforcing cross-border reporting and shutting down illicit financial activity.
