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CURRENCY TRANSACTION REPORTING

CURRENCY TRANSACTION REPORTING FFIEC BSA/AML Examination Manual 1 February 2021 CURRENCY TRANSACTION REPORTING Objective: Assess the bank s compliance with the BSA regulatory requirements for CURRENCY TRANSACTION REPORTING . Regulatory Requirements for CURRENCY TRANSACTION REPORTING This section outlines the regulatory requirements for banks found in 31 CFR Chapter X regarding reports of transactions in CURRENCY . Specifically, this section covers: 31 CFR 31 CFR 31 CFR 31 CFR 31 CFR Filing Obligations A bank must electronically file a CURRENCY TRANSACTION report (CTR) for each TRANSACTION in currency1 (deposit, withdrawal, exchange of CURRENCY , or other payment or transfer) of more than $10,000 by, through, or to the These CURRENCY transactions need not be reported if they

Filing FinCEN’s new Currency Transaction Report and Suspicious Activity Report.” 19. FinCEN (Oct. 3, 2019), “ Frequently Asked Questions Regarding the FinCEN Currency Transaction Report.” FinCEN (February 10, 2020), FIN-2020-R001 “FinCEN CTR (Form 112) Reporting of Certain Currency

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  Report, Activity, Reporting, Transactions, Currency, Suspicious, Fincen, Suspicious activity report, Currency transaction reporting

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