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SCHOOL BOARD ACTION REPORT DATE: FROM: LEAD STAFF:January 8, 2018, Dr. Larry Neyland, Superintendent Beth Mills, Director of Special Education, ea mills seattleschools.org; Michael Trolley, Associate
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NECC BAR stands for Non-Exclusionary Combating Code Bar. It is a requirement for certain entities to report their activities related to combating terrorism.
Entities engaged in specified financial activities, such as banks, money service businesses, and casinos, are required to file NECC BAR.
NECC BAR can be filled out online through the designated reporting portal provided by the relevant regulatory authority.
The purpose of NECC BAR is to enhance transparency and prevent money laundering and terrorism financing activities.
Entities filing NECC BAR must report information related to their financial transactions, customer due diligence measures, and any suspicious activities.
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