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Manila Bulletin devider Philippines devider Malaysian national intercepted at NAIA with P1.1 million cash

Malaysian national intercepted at NAIA with P1.1 million cash

Published Mar 7, 2020 12:00 am
By Ariel Fernandez  The Bureau of Customs (BOC) at the Ninoy Aquino International Airport (NAIA) intercepted a Malaysian national coming from Kota Kinabalu who was carrying P1.1 million. The Bureau of Customs (BOC) at the Ninoy Aquino International Airport (NAIA) intercepted a Malaysian national coming from Kota Kinabalu who was carrying P1.1 million. (BOC-PIO/ via Joseph Pedrajas / MANILA BULLETIN) The Bureau of Customs (BOC) at the Ninoy Aquino International Airport (NAIA) intercepted a Malaysian national coming from Kota Kinabalu who was carrying P1.1 million. (BOC-PIO/ via Joseph Pedrajas / MANILA BULLETIN) The passenger was identified as Gan Kang Hsiung, 32, who arrived onboard an AirAsia flight at NAIA Terminal 3 at 9 p.m., Friday, March 6. The Philippine currency was seized for violation of Republic Act No. 10863 (Customs Modernization and Tariff Act) in relation to Bangko Sentral ng Pilipinas (BSP) Circular No. 922 s.2016 on Cross-Border Transfer of Local and Foreign Currencies. Customs examiner directed the passenger to bring his checked-in baggage to the Customs examination lane. The Customs Intelligence and Investigation Service (CIIS) and Enforcement and Security Service (ESS) operatives assisted the examiner in undertaking the examination. Initial results yielded bundles of Philippine peso bills. The importation or exportation of Philippine currency is regulated under the BSP Advisory on Cross-Border Transfer of Local and Foreign Currencies, wherein a person may bring in and out of the Philippines no more than P50,000. Any amount exceeding P50,000 will require authorization from the Bangko Sentral ng Pilipinas (BSP) prior to importation or exportation. The money is now in the custody of BOC NAIA.  
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