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Health & Safety Policy Lead Business Manager Reviewed by Staff N/A Reviewed by Students N/A Approved by Directors December 2012 Interim Review TBC Full Review TBC Health & Safety Policy Page 1 of
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RID is short for Report of International Transportation of Currency or Monetary Instruments.
Individuals or businesses that transport or receive currency or monetary instruments in excess of $10,000 across U.S. borders are required to file an RID.
RID forms can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing system.
The purpose of RID is to track and monitor large cash movements across borders to help prevent money laundering and terrorist financing.
Information such as the amount and nature of the currency or monetary instruments being transported, as well as the names and contact information of the parties involved, must be reported on an RID.
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