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C R A V E NC O U N T YR E P U B L I C A NP A R TY FIND US ON SOCIAL MEDIAN O L U M E1, I S S U E3O C T O B E R2 0 1 6Message from the Chairman CountyRepublicansWhen you read this there will be less
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CRV stands for Cash Reporting and Verification and it is a form used to report large cash transactions.
Financial institutions, businesses, and individuals involved in cash transactions over a certain threshold are required to file CRV.
CRV can be filled out electronically or manually, providing details of the cash transaction including amount, date, parties involved, and purpose.
The purpose of CRV is to detect money laundering, tax evasion, and other illicit financial activities by monitoring large cash transactions.
Information such as the amount of cash involved, date of the transaction, names of parties involved, and purpose of the transaction must be reported on CRV.
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