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Child Care Resource and Referral Professional Development Opportunities for Early Childhood and Schoolmate Programs Midwest District 7th & Washington Avenue PO Box 159 Montevideo, MN 56265 (320)2698727
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What is mntrecc?
mntrecc stands for Money Transmitter Report of Currency Transactions Conducted by Non-Bank Financial Institutions.
Who is required to file mntrecc?
Non-bank financial institutions engaged in currency transactions exceeding $10,000 in a single business day.
How to fill out mntrecc?
mntrecc must be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System.
What is the purpose of mntrecc?
The purpose of mntrecc is to report large currency transactions conducted by non-bank financial institutions to help prevent money laundering and other financial crimes.
What information must be reported on mntrecc?
Information such as the date and amount of the transaction, the identity of the individuals involved, and the nature of the transaction must be reported on mntrecc.
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