The Canada Border Services Agency (CBSA) seized a large amount of currency suspected to be proceeds of crime from a traveller at the North Portal border crossing in southern Saskatchewan on June 19, 2015. Officers referred a U.S. man for further examination, and during a vehicle search, found Can$98,800 in U.S. currency spread throughout the vehicle.
During the examination, officers uncovered evidence suggesting the currency was linked to organized crime. Therefore, they seized the currency as suspected proceeds of crime under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act with no terms of release and turned the case over to the Royal Canadian Mounted Police for further investigation.
To date, this is the fourth-largest CBSA suspected proceeds of crime seizure made at a Canadian border crossing in 2015.
Quick Facts
- The requirement to report cross-border movement of money is part of an overall government initiative to fight crime by taking away the profits of criminals and the funds of terrorists.
- Currency and other monetary instruments valued at $10,000 or more in Canadian dollars must be reported to the CBSA when entering or leaving the country ‒ failure to do so may result in seizure action.
- In seizures where the currency is suspected to be proceeds of crime or funds for the use of financing terrorist activities, the CBSA may seize it with no terms of release.
Associated Links
Cross-border currency reporting
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Contact
Luke Reimer
Communications Officer
Canada Border Services Agency
PrairieMedia@cbsa-asfc.gc.ca
1-844-245-2272
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