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Will the CTR report threshold be increased?

Answered by: 

Question: 
When will FinCEN raise the threshold for CTR reporting?
Answer: 

The AML Act requires Treasury to review and streamline CTR reporting to reduce unnecessarily burdensome requirements, including in that review the reporting threshold. There is no guarantee FinCEN will make a change, or when a change will be made if approved.

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First published on 01/07/2024

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