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ARCHIVED - Prosecutions and Seizures
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Northern Ontario Region
US$85,000 in cash seized at Cornwall border crossing
Cornwall, Ontario, December 1, 2008 — The Canada Border Services Agency (CBSA) announced today that it seized US$85,000 in unreported currency following a vehicle inspection at the Cornwall port of entry on November 17, 2008.
A 43-year-old man from St. Regis, Quebec, was attempting to enter Canada at the Cornwall port of entry when he was referred for a secondary examination. During the examination of the vehicle, a CBSA detector dog located a package containing US$79,000. CBSA officers later found an additional US$6,000 on the man's person.
The undeclared currency was seized under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. The RCMP is investigating this case.
Even though there are no restrictions on the amount of money that can be brought into or taken out of Canada, currency or other monetary instruments valued at CAN$10,000 or more must be reported at the border. These reporting requirements came into effect on January 6, 2003, under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Money can be seized by the CBSA if a proper report is not made.
The Act requires all seized currency or other monetary instruments to be transferred to the Seized Property Management Directorate of Public Works and Government Services Canada.
More information on currency reporting requirements is available on the CBSA's Web site.
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For media information:
Chris Kealey
CBSA Communications
613-991-5197
Constable Blair J. Kelly
RCMP Kingston – Proceeds of Crime Unit
613-384-2750, ext. 229
613-561-3985 (cell)
