Entering Mexico from the United States with more than $10,000 in cash or its equivalent in other currencies requires, under Mexican law, that you declare this amount to the customs authority at the time of entry. If you do not do so and you are caught, this can have several consequences:
Confiscation of the money: If you fail to declare the funds and they are discovered during a customs inspection, the authorities can confiscate the undeclared amount, and you could face charges for attempting to bring in funds without the proper declaration.
Fines and sanctions: You may be subject to fines, which vary depending on the undeclared amount and the circumstances of the case. In general, the fine can be proportional to the amount of money that was not reported.
Investigation and possible charges: If the amount of money raises suspicion (for example, if it is considered to be related to illegal activities such as money laundering), you could be detained for further investigation, which may involve federal police or the Public Prosecutor’s Office.
It is important to remember that if you are carrying more than $10,000 or its equivalent, you must make a declaration to the Mexican customs authorities using the appropriate form.
This process does not cause any problems if everything is in order, but failing to comply can create serious legal issues.
If you have been detained for entering Mexico with more than $10,000 or its equivalent, do not hesitate to contact me so we can review your case and find a solution.
