Posted By: isawbobsegerslastconcert
CTR NAICS codes list expanded? - 07/28/22 08:26 AM
Hi all,
Has there been a change in the NAICS codes listing for BSA E-Filing of CTRs from 3-4 digit codes to 3-6 digit codes? Our core processor recently updated the CTR NAICS code options to include 3-6 digit codes as per their compliance area. However, the authorized NAICS list on the BSA E-Filing website shows codes that are only 3-4 digits long (with one exception - code 52231 for mortgage and nonmortgage loan brokers). Additionally, the FinCEN CTR faqs reflect that only the 3-4 digit codes on the approved list are to be used.
Thanks in advance for any response.
Has there been a change in the NAICS codes listing for BSA E-Filing of CTRs from 3-4 digit codes to 3-6 digit codes? Our core processor recently updated the CTR NAICS code options to include 3-6 digit codes as per their compliance area. However, the authorized NAICS list on the BSA E-Filing website shows codes that are only 3-4 digits long (with one exception - code 52231 for mortgage and nonmortgage loan brokers). Additionally, the FinCEN CTR faqs reflect that only the 3-4 digit codes on the approved list are to be used.
Thanks in advance for any response.