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A Cuban was arrested this week at the Panama Pacific International Airport after being found with 12,000 dollars in undeclared cash at customs.
The Cuban, whose identity was not revealed, is 26 years old and was on a flight coming from Havana, reported the local media Destino Panamá.
During the baggage inspection process, it underwent a second review due to signs of irregularities, the information adds.
The report explains that during the week, six foreigners, including Cuban Spaniards, were detected, and 92,000 dollars in undeclared currency was seized from them on flights arriving from Havana.
Panamanian authorities remind travelers of the importance of complying with regulations, especially regarding the declaration of cash when entering the country, in order to avoid penalties and legal charges, the information concludes.
In June, a Cuban citizen was caught transporting a considerable amount of undeclared cash at the Panama Pacific International Airport.
The National Customs Authority of Panama reported that, following a routine verification procedure, $10,406 was seized after detecting an undeclared excess, surpassing the legal threshold allowed for entering the country without prior declaration.
In early August, two Cuban citizens were arrested at the Mexico City International Airport while carrying in their backpacks more than two million Mexican pesos in cash, unable to justify its source.
Frequently asked questions about cash control in Panama
How much cash can be brought into Panama without declaration?
In Panama, any amount exceeding 10,000 balboas or its equivalent in foreign currency must be declared. If it is not declared, authorities may seize the money and proceed with legal penalties.
What happens if cash is not declared upon entering Panama?
Undeclared money may be seized by authorities, and the individual involved could face legal charges. Furthermore, the case may be referred to the Public Prosecutor's Office for a more in-depth investigation.
Why is it important to declare cash when traveling?
Declaring cash is crucial for preventing financial crimes such as money laundering and ensuring transparency in international economic transactions. Complying with this regulation helps avoid sanctions and legal issues.
What customs controls are in place in Cuba for the outbound transfer of money?
In Cuba, people cannot take out more than 5,000 dollars from the country without declaring it. Cuban authorities conduct strict controls to detect and confiscate undeclared money, aiming to curb the illegal outflow of foreign currency.
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