Posts Tagged ‘Customs laws & regulations’

Judge Overturns Civil Forfeiture by DHS Goons

April 12th, 2012 by Mark Nestmann

I recently had an unpleasant encounter with an employee of the Department of Homeland Security’s Transportation Security Administration when I passed through an airport security checkpoint. The young man became belligerent when I refused to proceed through a body scanner on my way to board my flight. Raising his voice, he told me that I [...]

Offshore Due Diligence, International Embargoes, Offshore Tax Compliance and More on “The Second Passports and Expatriation Report”

March 11th, 2012 by P. T. Freeman

As you may know, I’m a longtime friend of Mark Nestmann, and also one of his business associates. Since the beginning of the year, I’ve also hosted an online radio show airing live each Friday at 16.00 EDT on the Overseas Radio Network. It’s called the “Second Passport & Expatriation Report: The Life of a [...]

Is $5,000 Gold a Myth?

January 3rd, 2012 by Mark Nestmann

I generally not try to predict the price of anything.  I’m not very good at it. If I was, I would never have purchased a condo in 2007 after its price fell 25%. I felt I was receiving a bargain. But five years later it’s worth 75% less than I paid for it, even after [...]

Cuba: Economic Reforms Bring Opportunities—but NOT for U.S. Citizens

November 11th, 2011 by P. T. Freeman

I just returned home from a visit to the Republic of Cuba and I couldn’t help but to notice that change was in the air. The government is serious about liberalization, and is gradually changing numerous laws, rules, and regulations to help spur economic growth. I welcome these changes, as they bode well for business [...]

Moving Precious Metals Internationally—the Essentials

August 3rd, 2011 by Mark Nestmann

Recently, I’ve received a number of questions from readers about moving gold and precious metals internationally. It’s been awhile since I’ve discussed this topic, so I thought this might be a good time to address it. Q. Why should U.S. citizens or residents consider storing precious metals overseas? A. Depending on your personal circumstances, and [...]

U.S. Treasury: We Won’t Tell You What’s Reportable

July 13th, 2011 by Mark Nestmann

If you move cash or other “monetary instruments” across a U.S. border, you may be required to tell the U.S. Treasury. The form used for this purpose is Form 105, the “Currency and Other Monetary Instruments Report.”  You must use this form to report the physical transportation of monetary instruments in an aggregate amount exceeding [...]

Welcome Back to the U.S.A!

June 8th, 2011 by P. T. Freeman

Recently, I returned to the United States for a family visit.  Clearing U.S. Customs and Border Protection was easy, with just one question: “I see you’re born in the United States.  Where’s your U.S. passport?” When I explained that I no longer had a U.S. passport because I am no longer a U.S. citizen, the [...]

Where to Find the Best Duty-Free Deals

February 15th, 2011 by Mark Nestmann

By P. T. Freeman After I relinquished my U.S. citizenship sometime ago, I began to travel extensively, using my passport from the Commonwealth of Dominica.  I’ve found my Dominica passport doesn’t invite the hostility that the U.S. passport often does.  Another favorable experience is access to duty free shops located in countries such as Cuba [...]

Mexico Seizes $200,000 in Gold Coins at Airport Security Checkpoint

February 8th, 2011 by Mark Nestmann

An article in a Mexican newspaper reports that Mexican federal police seized more than 150 gold coins from a traveler in the Mexico City International Airport.  The seizure apparently occurred last year; the article is dated April 19, 2010. The traveler, a U.S. citizen, was on his way to Panama when police detained him.  The [...]

Mexico Cracks Down ….Hard!

November 9th, 2010 by P. T. Freeman

On my way to The Sovereign Society’s recent conference in Los Cabos, Mexico, I experienced Mexico’s security and anti-narcotics crackdown firsthand.  Upon arrival of my flight to Mexico City from Panama, around 11.30p.m, uniformed officials of the National Institute of Migration (INM) met arriving passengers shortly after they deplaned, in the jet bridge.  The officials [...]

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