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Name: (ANSWER KEY) Hour: Jacob Ribs: How the Other Half Lives Introduction The rapid growth of industrialization in the United States of the 1880s created an intense need for labor. The flood of tens
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What is riis and reform?
RIIS stands for Report of International Transportation of Currency or Monetary Instruments Form, while REFORM stands for Report of Foreign Bank and Financial Accounts Form. RIIS is for reporting the international transportation of currency or monetary instruments, while REFORM is for reporting foreign bank and financial accounts.
Who is required to file riis and reform?
Individuals, businesses, and financial institutions engaged in international transactions are required to file RIIS and REFORM if they meet the reporting thresholds set by the government.
How to fill out riis and reform?
RIIS and REFORM can be filled out online through the FinCEN website or submitted via mail using the paper forms provided on the website. Detailed instructions are available on the website.
What is the purpose of riis and reform?
The purpose of RIIS and REFORM is to help monitor and prevent money laundering, terrorist financing, and other financial crimes by tracking international financial activities.
What information must be reported on riis and reform?
RIIS requires reporting details of the transportation of currency or monetary instruments across international borders, while REFORM requires reporting details of foreign bank and financial accounts.
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