cft

What Is FinCEN Form 105? Here is All You Need to Know!

Here you can have a deeper understanding of the FinCEN form 105, the Currency Seizures, and what one needs to know about these.


user

Abady Law Firm

2 years ago | 1 min read

Money transfers, whether accompanied by someone or via Electronic Fund Transfer, can be subjected to confiscation by the associates of Customs and Border Protection (CBP) or Homeland Security Investigations (HIS). This article will guide you on what you need to do to prevent Currency Seizures. Here you can have a deeper understanding of the FinCEN form 105, the Currency Seizures, and what one needs to know about these.

A question that may arise in your mind when you hear "Currency Seizure" is, "Is my money not safe to transport within my own country?". Currency Seizures do not necessarily aim for the citizens to be turned away from their own country's policies. Instead, it exists only to safeguard their rights.

What is FinCEN?

The Financial Crimes Enforcement Network (FinCEN) is an organization associated with the United States Department of the Treasury. Its purpose is to check and balance the financial transactions of the citizens, thus analyzing, collecting, managing the currency, and preventing financial offenses. The major field of concern for FinCEN is to pinpoint any suspicious activity by any person, track it, and if someone is found transgressing the law, then hold them accountable. This organization works for the welfare of the citizens of the country and to protect the country’s international reputation. FinCEN has launched many forms serving the purpose of the Supremacy of Law, among which FinCEN form 105 is notable.

Despite all the measures a person takes, mistakes are inevitable. So, if you find yourself in a pickle because of a problem regarding Currency Seizures, you can apply for an Attorney at a law firm who can file a court claim. In this way, the seized money can be obtained.

We urge you to consult lawyers and attorneys at Abady Law Firm. Our team can assist you in the best possible way!

Read more


Upvote


user
Created by

Abady Law Firm

Abady Law Firm, P.C. is a firm focused on international trade regulation and customs law dealing with the movement of goods and services across geographic borders. The firm counsels and appears on behalf of its clients before U.S. Customs and Border Protection at ports throughout the country as well as before the United States Court of International Trade, the Court of Appeals for the Federal Circuit, and Federal District Courts.


people
Post

Upvote

Downvote

Comment

Bookmark

Share


Related Articles