Customs in Panama Seized Approximately $200,000 in Less Than 24 Hours
Friday, June 07 2013 @ 11:03 am EDT
Contributed by: Anonymous
In the first case, the inspectors retained $155,226 from a Panamanian who arrived to the country from the Dominican Republic and offered $5,000 to the officials as hush money, according to the statement from ANA.
The money withheld from Panamanian, unidentified, was found in a false bottom of one of his bags he passed his luggage through the scanner.
In another similar case, ANA officials from the airport of Tocumen seized $15,120 from an Ecuadorian who was coming from his country, and was hiding the undeclared money in a backpack and a suitcase.
Panamanian law requires that all travelers entering the country must declare any amount exceeding $10,000 in cash or securities and failure to do so may result in the seizure of the money and in customs penalties. (Panama America)