From Spain with 62 kilos of gold in their luggage: major seizure at Fiumicino
Two passengers arriving from Spain were carrying 12 ingots of pure gold, with a total value of over 8 million euros. The ingots were not accompanied by the required customs documentation
Key points
Over 62 kilograms of pure gold hidden in luggage. Twelve ingots, with an estimated value of over 8 million euros, were discovered at Fiumicino Airport by the Guardia di Finanza and the Customs and Monopolies Agency. The inspection led to the administrative seizure of a portion of the investment gold worth €2,210,415, as security for the penalty provided for by law.
The gold bars discovered in Fiumicino
The precious metal was being carried by two travellers from Spain. Officers from the Fiumicino Unit and officials from the Lazio 2 Office of the Italian Customs and Excise Agency stopped them during routine checks on arriving passengers.
The baggage inspection revealed the twelve ingots, which had been brought into Italia without the required customs documentation. Their total weight exceeded 62 kilograms.
Administrative seizure totalling over 2.2 million
The Guardia di Finanza and the Customs Agency did not seize the entire consignment, valued at over 8 million euros, but a portion of the precious metal worth over 2.2 million. The administrative seizure was ordered to secure the financial penalty imposed for the failure to declare the goods.
The threshold above which the reporting requirement for cross-border transfers of cash and equivalent assets applies is set at 10,000 euros.
