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This form is designated for Project Participants and other Stakeholders to submit a Letter to the Board in accordance with the Modalities and Procedures for Direct Communication with Stakeholders.
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F-CDM-RtB stands for 'Foreign Currency Deposit Monitoring - Reporting to Banks', which is a reporting requirement designed to monitor foreign currency transactions and holdings by financial institutions.
Entities including banks, credit unions, and other financial institutions that engage in foreign currency transactions are required to file F-CDM-RtB.
To fill out F-CDM-RtB, organizations must gather relevant data such as transaction amounts, currency types, and customer information, then input this data into the prescribed reporting format as specified by regulatory authorities.
The purpose of F-CDM-RtB is to enhance transparency and regulatory oversight in foreign currency transactions, helping to prevent financial crimes and ensure compliance with monetary policies.
Information required on F-CDM-RtB includes details of foreign currency transactions, amounts involved, currency types, the identities of the parties involved, and any relevant transaction dates.
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