What is the currency reporting threshold that triggers currency reporting at the border?

• A. Any amount must be reported
• B. More than $10,000 in monetary instruments
• C. More than $1,000 in monetary instruments
• D. Exactly $10,000 triggers reporting

Answer: (B)

Carrying currency or monetary instruments in excess of ten thousand dollars at a border crossing must be reported. This threshold is set so large amounts can be tracked and screened for illegal activity, and it covers not just cash but other monetary instruments like traveler’s checks, money orders, and similar negotiable instruments. When you arrive or depart with more than ten thousand dollars in total, you or your representative file a Currency and Monetary Instruments Report (CMIR) with CBP, typically using FinCEN Form 105. The aim is to create a paper trail for high-value transfers and to deter money laundering and related crimes. Therefore, the choice stating more than ten thousand dollars is the correct one.