Border guards say they found $ 182,000 in undeclared US currency in a travel vehicle. CBSA spokeswoman Judith Gadbois said the incident took place on April 17. No charges were filed and the two travelers returned to the United States. The money was confiscated as suspected proceeds of crime. The CBSA will not repay the funds if it is suspected of being a proceeds of crime or of financing terrorist activities. Under the Money Laundering and Terrorist Financing Act, there are no restrictions on the amount of money that can be imported or exported from Canada, but $ 10,000 CANs or more must be reported. Failure to do so may result in the seizure or assessment of a civil penalty ranging from $ 200 to $ 5,000. Anyone with information about suspicious cross-border activity is encouraged to call the toll-free CBSA border line at 1-888-502-9060.
