In March, the Treasury Department's Financial Crimes Enforcement Network issued a new Currency Transaction Report - FinCEN Form 104, which replaces the IRS's CTR Form 4789. The form is available for use now; however, banks have until August 31, 2004 to use the old forms.
Financial institutions must file the form for each deposit, withdrawal, exchange of currency or other payment or transfer that involves $10,000 in currency.
For more information, go to www.fincen.gov/reg_bsaforms.html.
BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.
Print Friendly!
Email This Article!
Discuss NOW!
