A recent incident involving undeclared cash from a Cuban traveler has once again raised alarms in Panama.
This time, officials from the National Customs Authority intercepted $10,100 concealed within a pair of jeans belonging to a passenger arriving from Havana at Tocumen International Airport. This information was confirmed by the institution on their social media platform.
The identity of the traveler remains undisclosed. However, it was noted that they failed to report carrying cash exceeding the legal threshold (10,000 balboas, equivalent to $10,000) on their Customs Declaration.
During routine checks, discrepancies in the traveler's information prompted a secondary inspection of their luggage, which revealed the hidden money. In accordance with standard procedures, the case was forwarded to the Public Ministry for further action.
Panama's local media outlet, Mi Diario, also covered the story, highlighting that the money was "strategically stashed" within the jeans, a tactic frequently observed among passengers attempting to bypass customs controls.
The report reminded travelers that failing to declare cash is a violation that could lead to confiscation, financial penalties, and even legal proceedings.
Pattern of Cuban Travelers with Undeclared Cash
This incident marks the fourth occurrence within just over a week involving Cuban travelers detained in Panama with large sums of undeclared money, indicating a growing trend that concerns authorities.
On November 17, a 48-year-old Cuban was apprehended at Tocumen with $135,300 hidden in the double linings of backpacks, despite having declared only $5,000.
Just a day later, on November 18, another passenger from Havana was caught with $16,067, some of which was hidden in intimate areas, as reported by Panama Customs.
Furthermore, on November 21, two Cuban women on the same flight were detained with a total of $50,000 during a body search, although both claimed not to know each other.
This series of incidents, all involving Cuban travelers, has prompted Panama to intensify surveillance at airports, highlighting the risks associated with the illegal transfer of cash amid regional crackdowns on money laundering and other financial crimes.
Desperation and Risk Behind the Practice
While Panamanian authorities emphasize the necessity of declaring any amount above the legal limit, these cases also reveal the harsh realities faced by many Cubans who travel with family savings, capital for business ventures, or funds intended for increasingly expensive and dangerous migration routes.
Concealing money in backpacks, jeans, planners, or even on one's body not only violates regulations but also places travelers in a precarious position, risking the loss of all funds, legal action, and potential restrictions on future travel.
Panama continues to enforce a consistent message in every report: the law applies universally, regardless of the origin or intent of the money.
Frequently Asked Questions About Customs Regulations in Panama
What is the legal limit for carrying cash into Panama?
The legal limit for carrying cash into Panama is 10,000 balboas or its equivalent in other currencies. Any amount above this must be declared.
What are the consequences of not declaring cash in Panama?
Failing to declare cash can result in confiscation, financial penalties, and even legal proceedings. It is crucial to comply with customs regulations to avoid these consequences.
Why are so many Cuban travelers being caught with undeclared money?
Many Cuban travelers carry significant amounts of cash due to limited access to international banking and financial services, often for personal savings, business ventures, or migration purposes. However, undeclared cash poses legal risks.
How does Panama enforce customs regulations?
Panama enforces customs regulations through routine checks and secondary inspections at airports. Any discrepancies or undeclared amounts are subject to further investigation by the authorities.