
Get the free 1 - CC Report for Claims Resolution
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CITY OF PAPILLON
MAYOR AND CITY COUNCIL REPORT
JUNE 18, 2019, AGENDASubject:Type:Submitted By:Resolution to approve claims as presentedResolution R190123Nancy Hype,
Finance DirectorSYNOPSIS
The City
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1 - cc report stands for Currency Transaction Report and it is a report that financial institutions must file with the government for transactions involving cash of $10,000 or more.
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The purpose of 1 - cc report is to help prevent money laundering and other illegal activities by tracking large cash transactions.
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The information required on 1 - cc report includes the name, address, and identification number of the individuals involved, the amount of cash exchanged, and the nature of the transaction.
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