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C u r r e n t s aquatics FEBRUARY MARCH 2015 PAGE INSIDE 1 Presidents Letter 1 Coach Column 2 Swim Defiance Celebrates Independence in 2015 3 Reasons Why You Should Swim At Champs 6 Blue Waves In
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What is c u r r?
CURR stands for Currency Transaction Report. It is a report that financial institutions must file with FinCEN for cash transactions over $10,000.
Who is required to file c u r r?
Financial institutions such as banks, credit unions, and money services businesses are required to file CURR.
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To fill out CURR, financial institutions need to provide information about the transaction, parties involved, and the reason for the transaction.
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The purpose of CURR is to track and monitor cash transactions to detect and prevent money laundering and other financial crimes.
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Information such as the amount of the transaction, the date, location, and the parties involved must be reported on CURR.
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