Regulatory Alerts2011-01-18
Added
Comment Request; Bank Secrecy Act Currency Transaction Report Database Proposed Data Fields
The Financial Crimes Enforcement Network proposes data fields for a new unified electronic Currency Transaction Report database to replace paper forms with dynamic, interactive XML-based filings. The notice invites comments on these proposed technical specifications by March 28, 2011, covering requirements for depository institutions, money services businesses, broker-dealers, and casinos. This request addresses the transition to a modernized IT environment but does not introduce new regulatory reporting obligations or changes to existing currency transaction reporting rules.
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