Regulatory Alerts2014-08-01
FinCEN Guidance for Common Carriers of Currency Including Armored Car Services
The Financial Crimes Enforcement Network issued this guidance to correct observed deficiencies and enhance compliance by common carriers of currency, including armored car services, with FinCEN 105 filing requirements. The document clarifies that carriers must file a CMIR when transporting over $10,000 in currency or monetary instruments across borders, unless another party has already filed a correct report, and details specific limited exemptions for certain overland transports. It provides precise instructions for completing the form, requiring carriers to identify themselves as shippers, report specific party details, and submit separate reports for each distinct delivery within a single shipment.
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