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What is cur y?
CUR Y stands for Currency Transaction Report, which is a report that must be filed by financial institutions for transactions involving currency over a certain threshold.
Who is required to file cur y?
Financial institutions such as banks, credit unions, and money services businesses are required to file Currency Transaction Reports.
How to fill out cur y?
Currency Transaction Reports can be filled out electronically using the BSA E-Filing System provided by the Financial Crimes Enforcement Network (FinCEN).
What is the purpose of cur y?
The purpose of Currency Transaction Reports is to help law enforcement agencies detect and prevent money laundering, terrorist financing, and other financial crimes.
What information must be reported on cur y?
Currency Transaction Reports must include information about the transaction, such as the amount of currency involved, the date of the transaction, and the parties involved.
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