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19921.2 (476) Records and reports.21.2(1) Location and retention of records. Unless otherwise specified in this chapter, all records required by these rules shall be kept and preserved in accordance
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How to fill out 31 cfr 1010430

01
Obtain the necessary Form 31 CFR 1010430 from the appropriate regulatory agency.
02
Fill out the form with accurate and detailed information pertaining to the financial transactions being reported.
03
Double-check the information provided to ensure accuracy and completeness.
04
Submit the completed form to the designated regulatory agency within the specified timeframe.

Who needs 31 cfr 1010430?

01
Financial institutions, such as banks and money service businesses, are required to fill out and submit Form 31 CFR 1010430 in order to comply with anti-money laundering regulations.

What is 31 CFR 1010.430 -- Nature of records and retention period. Form?

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31 CFR 1010.430 refers to regulations concerning the reporting of foreign bank and financial accounts, which require certain individuals and entities to report their foreign accounts to the Financial Crimes Enforcement Network (FinCEN).
Individuals and entities that have a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 are required to file 31 CFR 1010.430.
To fill out 31 CFR 1010.430, filers must obtain the correct FinCEN Form 114, provide necessary personal information, details about foreign accounts, including account numbers and the maximum value of each account during the reporting period.
The purpose of 31 CFR 1010.430 is to prevent money laundering and tax evasion by ensuring that U.S. citizens and residents report their foreign financial interests to the federal government.
Information that must be reported includes the names of the foreign banks, account numbers, types of accounts, and the maximum balance of each account during the calendar year.
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