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STATE BUDGET
CUTS TO
HEALTHCARE FUNDING
The Governors State Budget proposals would cut nearly $300 million in Medicaid funding to our
public healthcare system, the New York City Health and Hospitals
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What is cuts to?
CUTS TO stands for Currency Transaction Report. It is a report that financial institutions must file for transactions that involve currency of more than $10,000.
Who is required to file cuts to?
Financial institutions such as banks, credit unions, and money service businesses are required to file CUTS TO.
How to fill out cuts to?
CUTS TO can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System.
What is the purpose of cuts to?
The purpose of CUTS TO is to help detect and prevent money laundering and other financial crimes.
What information must be reported on cuts to?
CUTS TO must include information such as the name and address of the individual conducting the transaction, the type of transaction, and the amount of currency involved.
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