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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549FORM 8K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 September 12, 2016 (September 9,
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CIE (Currency and Monetary Instrument Export Report) proceeds and reservation is a form used by individuals or entities to declare any currency or monetary instruments being transported out of the country.
Any individual or entity carrying currency or monetary instruments exceeding $10,000 out of the country is required to file a CIE proceeds and reservation.
The CIE proceeds and reservation form can be filled out online or in person at the relevant customs office. It requires information such as the amount of currency being transported, the purpose of the trip, and personal identification details.
The purpose of CIE proceeds and reservation is to prevent money laundering and illegal activities by monitoring the movement of large sums of currency across international borders.
The information that must be reported on a CIE proceeds and reservation includes the amount of currency being transported, the name of the individual or entity, the purpose of the trip, and contact information.
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