(LAWFUEL) – A 44-year-old Stirling man will appear in Perth Magistrates court today charged by the Australian Federal Police (AFP) with failure to declare excess currency.
On 23 December 2008, Customs and Border Protection officers at Perth Airport found over $187,000 concealed in the man’s luggage. The AFP seized the undeclared currency and charged the man with failure to
declare excess currency, contrary to section 53 of the Anti-Money Laundering and Counter Terrorism Financing Act 2006.
The maximum penalty for this offence is two years imprisonment or a $55,000 fine.
Over 280 money laundering incidents were reported to the AFP in 2008.