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Chelmsford Valley District Composite School 2013-2014 3594 Highway 144, Chelmsford, Ontario P0M 1L0 Telephone: 705-675-0225 Fax: 705-675-0226 School Website: www.cvdcs.net Mr. Mike Mira, Principal
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cvdcs stands for Currency Transaction Report Determination System. It is a system used to determine if a currency transaction report is required.
Financial institutions are required to file cvdcs to determine if a currency transaction report needs to be filed.
To fill out cvdcs, financial institutions need to input the relevant information about the currency transaction and the parties involved.
The purpose of cvdcs is to ensure compliance with regulations related to reporting currency transactions.
Information such as the amount of the currency transaction, the parties involved, and the purpose of the transaction must be reported on cvdcs.
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