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Currency Seizure

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Diaz Trade Law Operations During the Coronavirus

posted by Jennifer Diaz March 23, 2020 0 comments

Pic CDCAs information about the Coronavirus (COVID-19) continues to rapidly evolve, we at Diaz Trade Law want to assure you that providing you the best service remains our top priority. We have received many calls asking if we are still working on cases and taking on new cases. The answer is, yes. To schedule a consultation, please contact info@diaztradelaw.com.

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Catch Up on DTL’s Top Blogs From 2019!

posted by Jennifer Diaz December 27, 2019 0 comments

blog

We want to make sure you stay up to date with the hottest trade blogs from 2019. Below is a summary of what you missed by category. Enjoy!

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Best PracticesCBPChina Trade WarCounterfeitsCurrency SeizureCustoms ExpertEnforcementExportFDA IssuesInternational BusinessInternational LawInternational TradeInternational TravelIPR, Trademarks and LogosPenaltyReasonable CareSeizuresTrade WarU.S.Customs

A Year in Review!

posted by Jennifer Diaz December 20, 2019 0 comments

2019

DTL saved clients MILLIONS of dollars in 2019. It is with great joy that we finish off 2019 celebrating our fourth anniversary! We would like to thank each of you for being an integral part of making DTL a success.

This year has been filled with numerous achievements and accomplishments. We are grateful for the clients who have entrusted their trade and customs issues to us, and we look forward to assisting you in 2020!

Below we share some of our 2019 success stories with you.

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Civil Forfeiture – Know Your Rights!

posted by Jennifer Diaz February 27, 2019 2 Comments

Sam

Routinely, individuals in the U.S. have property taken from them under “Asset Forfeiture” laws and are unaware of their rights.  Civil judicial forfeiture does not require a criminal conviction, and is a powerful legal tool used by law enforcement and Federal Agencies to seize property that is involved in a crime. Fines and forfeitures have become a key source of revenue, bringing in hundreds of millions of dollars each year.

The majority of federal forfeiture cases are uncontested when there is a related criminal case. Administrative forfeiture occurs when property is seized but no one files a claim to contest the seizure. Property that can be administratively forfeited includes merchandise prohibited from importation; a conveyance used to import, transport, or store a controlled substance; a monetary instrument; or other property that does not exceed $500,000 in value. Federal law imposes strict deadlines and notification requirements in the administrative forfeiture process. If the seizure is contested, then the U.S. government is required to use either criminal or civil judicial forfeiture proceedings to gain title to the property.

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MY GOODS HAVE BEEN SEIZED, WHAT SHOULD I DO?!/ ¡Mis Bienes Han Sido Decomisados!, /¿Qué Debo Hacer?

posted by Jennifer Diaz July 23, 2018 0 comments

Why Have My Goods Been Seized?

For many companies who begin the process of importing goods there is an expectation and an underlying hope that the entire process will run smoothly. However, if your product is not compliant with U.S. laws and regulations, 19 CFR Part 162 and 19 CFR 151 authorizes U.S. Customs & Border (CBP) to either detain or seize your goods upon importation. For importers, the best moment to contact a Customs expert is at the detention phase. This will expedite the correct communication with CBP and increase the likelihood of your product not being seized. Continue Reading

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Top International Law Blogs To Follow in 2018

posted by Jennifer Diaz May 25, 2018 0 comments

badgeWe’re ecstatic to announce Diaz Trade Law’s Customs and International Trade Law blog was included in TOP 30 International Law Blogs! We were chosen from thousands of International Law blogs on the web using search and social metrics because we actively work to educate, inspire, and empower our readers with frequent updates and high-quality information. Continue Reading

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CBP Sued Over Mandatory Hold Harmless Release Agreement

posted by Jennifer Diaz May 18, 2018 0 comments

jkhkjhDid you know that when Customs and Border Protection (CBP) decides to release goods that were seized by CBP, it requires that you sign a Hold Harmless Release Agreement, as a prerequisite to receiving goods, which prevents you from filing suit against the government (for example for wrongfully detaining your goods)? Well this is a common practice among CBP and now a class action lawsuit is being brought against CBP for this practice.

How Did This Lawsuit Come About?

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Learn about “The ABC’S of Customs Seizures – PLUS Top 10 Tips to Ensure Import Compliance” From the Expert!

posted by Jennifer Diaz September 13, 2016 1 Comment

INTERNATIONAL TRADE COMPLIANCE:  The ABC’S of Customs Seizures – PLUS Top 10 Tips to Ensure Import Compliance 

The DTL Team wants to ensure you are a compliant with U.S. federal regulations and laws when importing your goods from abroad! Here is your chance to learn directly from our Founder, Jennifer Diaz, about the “dos” and “don’ts” of importing. compliance-image

On Wednesday, September 14th, 2016 from 1:00 pm to 2:00 pm, The Organization for Women in International Trade (OWIT) invites you to a Trade Talk Webinar Program on International Trade Compliance-Register NOW!

Did you know that In FY 2015, 28,865 seizures were for underlying Intellectual Property Rights (IPR) violations? The MSRP of the goods seized was $1,352,495,341! IPR enforcement is a priority trade initiative for U.S. Customs and Border Protection (CBP) and the detention and seizure process is a complicated one. If your merchandise is detained and/or seized, you have options. But more  Learn exactly how you should respond and more importantly how to avoid future problems with CBP.

This event is particularly important for: Continue Reading

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International Travelers Beware – U.S. Customs WILL Seize Your Money…

posted by Jennifer Diaz December 13, 2013 7 Comments

Money given away

International travelers often contact me with the same distraught face as the man pictured to my left, after their money is confiscated by U.S. Customs and Border Protection (CBP) as a result of not properly declaring currency on hand.

Declaration Form 6059B will look familiar to all international travelers as you fill it out when entering the U.S.  Many times, the rationale for seizure is that parties traveling together split their currency, and even though together they have over the $10,000 minimum, the travelers advise they are each carrying less then the $10,000 minimum requirement for reporting (in question 13 of Form 6059B), resulting in ALL of the currency on hand being seized. On a Typical Day in Fiscal Year 2015, CBP seized $356,396 in undeclared or illicit currency.

Recently, CBP seized $82,000 of currency, and arrested the female driver, after discovering three packages of bulk currency hidden within a vehicle as a female driver attempted to exit the U.S. and enter Mexico.

During this holiday season, this post will tell you what you need to know to assure it’s NOT YOU that has their currency seized when traveling internationally!

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Don’t Let Your Currency be Seized When Traveling Internationally – TOP TIPS

posted by Jennifer Diaz November 20, 2012 2 Comments

The holidays are approaching… Do you intend to carry “monetary instruments” when traveling internationally?

Read on, these TOP 5 Tips when carrying “monetary instruments” above $10,000 can save you a U.S. Customs Seizure Case.

Here are your top tips to assure you get it right, and you’re not screaming “Help – U.S. Customs Took my Money at the Airport”.

1. If you intend to carry over $10,000 in monetary instruments, including travelers checks and U.S. or foreign money, you MUST fill out the required form, FINCEN Form 105.  Note, it is PERFECTLY acceptable to travel with currency, you JUST have to report it. Don’t be scared to do so.

2. Review U.S. Customs and Border Protection’s “Currency Reporting” flyer.  Make sure you memorize what “monetary instruments” consist of:

  • U.S. or foreign coins and currency;
  • Travelers checks (in any form);
  • Negotiable Instruments (including checks, promissory notes, and money orders – in a transferable form);
  • Incomplete instruments (checks, promissory notes, and money orders) that are signed with a payees name omitted;
  • Securities or stock in bearer form (in a transferable form)

3. Make sure you can explain the legitimate source of the money.

4. Make sure you can explain the legitimate intended use of the money.

5. Don’t divide currency for the purpose of evading reporting requirements.

Check out CBP’s recent seizures of currency and DON’T LET THIS HAPPEN TO YOU!: