AADE Detects €500,000 in Undeclared Cash at Athens International Airport

A Greek passenger carrying €500,000 in undeclared cash was detected by ΑΑΔΕ (Independent Authority for Public Revenue) inspectors at the Athens International Airport "Eleftherios Venizelos." The incident highlights the intensification of customs controls to combat money laundering, as the substantial sum was immediately seized.

Details of the Inspection and Discovery

The discovery occurred during a routine customs check. The passenger, a Greek national, arrived in Athens from Dubai, United Arab Emirates. Inspectors from the Independent Authority for Public Revenue stopped him for inspection shortly before his exit from the arrivals hall, which is located in the Extra Schengen zone (the area for passengers arriving from countries outside the European passport-free Schengen Area).

During the inspection of his carry-on luggage, customs officers discovered an exceptionally large sum of money. Specifically, they found half a million euros, which was carefully organized in bundles consisting exclusively of €500 banknotes.

Regulatory Violations and Asset Seizure

Under current legislation, the cross-border transport of cash of this magnitude requires a prior official declaration. The passenger in question had not proceeded with the mandatory electronic or manual declaration of liquid assets prior to his arrival.

As a result of this serious violation, the entire sum was immediately seized by the competent authorities. Simultaneously, all legal and administrative procedures provided by the relevant legislation for such cases were initiated. The case remains open as it is further investigated by the competent customs services.

AADE's Border Strategy

Following this incident, the Independent Authority for Public Revenue emphasized its commitment to cracking down on economic crime. As noted, AADE inspectors maintain an intensive and continuous presence at all key entry and exit points of the country.

Through both routine and strictly targeted inspections, the Authority aims to prevent, deter, and combat illegal activities related to cross-border movements and the transport of undeclared cash.