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NW Admissions c o l l a b o r at i v e Parent/Guardian Statements PARTICIPATING SCHOOLS: Annie Wright School, Eastside Preparatory School, Epiphany School, Forest Ridge School of the Sacred Heart,
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What is c o l l?
c o l l stands for Currency Transaction Report and refers to a report that financial institutions are required to file with the government for transactions exceeding $10,000 in cash.
Who is required to file c o l l?
Financial institutions such as banks, credit unions, and money services businesses are required to file c o l l.
How to fill out c o l l?
c o l l can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System.
What is the purpose of c o l l?
The purpose of c o l l is to help prevent money laundering and other financial crimes by tracking large cash transactions.
What information must be reported on c o l l?
c o l l requires reporting of information such as the identities of the individuals involved in the transaction, the amount of currency exchanged, and the nature of the transaction.
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