Currency over $10k - what can you tell us?
I would like to know how officers approach currency situations: broadly, what are the procedures and considerations when a pax
1. has declared/filed Fincen 105 - what affects if the person is allowed to keep the cash/instruments or it will be seized?
2. has not declared/filed Fincen 105 and is discovered to have currency/instruments in excess of $10k? I know s/he is given an opportunity to declare - but frequently when they do the cash is seized anyway. What factors are considered in these situations?