![]() ![]() ![]() To encourage greater use of CTR exemption provisions and avoid the burden of filing CTRs that are likely to be of little or no value to law enforcement efforts, the Secretary of the Treasury should direct FinCEN to remove the regulatory requirement that depository institutions biennially renew Phase II exemptions-seeking legislation to provide additional authority, if needed. Reports must be filed within 60 calendar days of receipt of FinCEN’s determination, unless otherwise instructed. On April 27, 2009, FinCEN issued FIN-2009-G001 "Guidance on Supporting Information Suitable for Determining the Portion of a Business Customer's Annual Gross Revenues that Is Derived from Activities Ineligible for Exemption from Currency Transaction Reporting Requirements." After May 31, 2018, Version 1.2 of the Currency Transaction Report will not be accepted and amendments to these reports must be submitted using the most recent updated FinCEN CTR (version 1.3 or later). While filing CTR, individual transactions. FinCEN surveyed federal banking agencies concerning what documentation is required to support the evaluation of a customer's gross annual revenues when determining a customer's eligibility for a Phase II exemption from currency transaction reporting requirements and collaborated with federal banking agencies on guidance regarding such documentation. (a) The cash transaction report (CTR) for each month should be submitted to FIU-IND by 15th of the succeeding month. ![]()
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