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Issue: 93 Community Voices April, May & June 2014 Connect Befriending Service A new project from CVS This exciting new project is a service for vulnerable adults living in South Derbyshire. It
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SDCVS stands for Suspicious Activity and Currency Transaction Reports.
Financial institutions such as banks, credit unions, and money service businesses are required to file SDCVS.
SDCVS can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
The purpose of SDCVS is to prevent money laundering and terrorist financing by detecting suspicious activities and large currency transactions.
SDCVS requires reporting of information such as the nature of the suspicious activity or currency transaction, the parties involved, and the amount of money involved.
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