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23rd October 2018 Dear parents, teachers and friends, The Feast of Saint Martin is fast approaching and the P.T.A. is preparing the traditional bags for our children and friends to enjoy this year
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C U T stands for Currency Transaction Report which is a report that financial institutions are required to file with the government for transactions involving cash in excess of $10,000.
Financial institutions such as banks and credit unions are required to file Currency Transaction Reports.
To fill out a Currency Transaction Report, financial institutions must gather information about the transaction, the individuals involved, and submit the report electronically to the Financial Crimes Enforcement Network.
The purpose of Currency Transaction Reports is to help detect and prevent money laundering, tax evasion, and other illegal financial activities.
Currency Transaction Reports must include details about the transaction, such as the amount of cash, the parties involved, and the purpose of the transaction.
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