Once a helpful tool for law enforcement, CTRs have become next to useless in the fight against money laundering, write Greg Baer and Gregg Rozansky, of the Bank Policy Institute. "Debanking" has ...
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How a Series of Small Deposits in Your Bank Account Could Cause You Some Financial Problems
Making multiple small cash deposits seems harmless, but it can raise red flags with the government. Here's what to know ...
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What really happens when you pull $10k from the bank
Withdrawing $10,000 or more in cash from a U.S. bank account triggers a mandatory Currency Transaction Report (CTR) to the Financial Crimes Enforcement Network (FinCEN). This requirement, established ...
A total of 49 crypto currency exchanges, a majority of them based in India, were registered with the Financial Intelligence ...
What Is a Suspicious Activity Report (SAR)? A suspicious activity report (SAR) is a tool provided under the Bank Secrecy Act (BSA) of 1970 for monitoring suspicious activities that would not ...
The Trump administration has introduced a new measure that will require all "money service businesses" located in 30 ZIP codes along the Texan and Californian borders with Mexico to file a currency ...
On February 24, 2009, FinCEN released the educational pamphlet, 'Notice to Customers: A CTR Reference Guide,' for financial institutions and their customers containing information on the currency ...
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