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$2.30 THE VOICE OF CONTROL LINE AEROMODELLERS FROM AROUND AUSTRALIA Number 166 Produced by the Victorian Control Line Advisory Committee June 2012 INSIDE THIS ISSUE Contest Calendars. Around the Clubs.
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Clamf stands for Currency and Monetary Instruments Report, used to report the transportation of currency or monetary instruments over $10,000 into or out of the United States.
Individuals or businesses physically transporting currency or monetary instruments over $10,000 into or out of the United States are required to file clamf.
Clamf can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System or by submitting a paper form FinCEN 105.
The purpose of clamf is to prevent money laundering and terrorism financing by monitoring the movement of large sums of currency across borders.
Clamf requires reporting details such as the amount of currency or monetary instruments, the source of funds, the recipient, and the purpose of the transaction.
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