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September 21, 2014, First United Methodist Church of Riverside 4845 Brockton Avenue Riverside, CA 92506 (951) 6837831 Email: FMC fumcor.com www.fumcor.com Rev. John Soon, Senior Pastor September 21,
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Fumcor stands for the Foreign Currency Management and Oversight Report.
Any individual or entity that engages in foreign currency transactions is required to file fumcor.
Fumcor can be filled out electronically through the designated portal provided by the regulatory agency.
The purpose of fumcor is to monitor and regulate foreign currency transactions to prevent illegal activities such as money laundering and terrorism financing.
Fumcor requires the reporting of details about the foreign currency transactions such as amount, parties involved, and purpose of the transaction.
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