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Winter/SpringACTIVITIES 2020E LC e r r i t or e c r e a t i o ND e p an r t m e n community Center & Swim Center News 2Youth 107007 Mouser Lane (510) 5597000 Community Center (510) 5597011 Swim Center
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C E R R stands for Currency Transaction Report and it is a report used by financial institutions to report any cash transactions over $10,000.
Financial institutions such as banks, credit unions, and casinos are required to file C E R Rs.
To fill out a C E R R, financial institutions must provide information about the transaction, the individuals involved, and the purpose of the transaction.
The purpose of C E R R is to help detect and prevent money laundering and other financial crimes.
Information such as the transaction amount, the identities of the individuals involved, and the nature of the transaction must be reported on C E R R.
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