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FIFTY C E N T S THURSDAY. OCTOBER 1 5, 1 9 9 2 CANTON, MICHIGAN 8 2 PAGES VOLUME 18 NUMBER 2 7 992 Suburban Commofwcaws Cow w' IN THE Students would choose Hosted P A P E R TODAY yr Endorsements:
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What is fifty c e n?
Fifty c e n refers to the Currency Transaction Report (CTR) that financial institutions must file with FinCEN for transactions involving more than $10,000 in currency.
Who is required to file fifty c e n?
Banks, credit unions, casinos, and other financial institutions are required to file fifty c e n.
How to fill out fifty c e n?
Fifty c e n can be filled out electronically through the BSA E-Filing System or manually on FinCEN Form 112.
What is the purpose of fifty c e n?
The purpose of fifty c e n is to detect and prevent money laundering and other financial crimes by monitoring large currency transactions.
What information must be reported on fifty c e n?
Fifty c e n requires reporting information such as the name, address, and identification number of the person conducting the transaction, as well as details about the transaction itself.
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