Document outlines their principles to provide a framework for discussion about the future of loss mitigation.
Are we required to give out copies of CTRs?
FinCEN has issued a new ruling on the treatment of armored car service transactions. Our compliance report details the impact on credit unions.
Your weekly update on the regulatory landscape.
Does a CTR need to be filed when you know a member is placing more than $10,000 in a safe deposit box?
FinCEN issued guidance this week to help financial institutions determine whether a customer or member is eligible for exemption from CTR requirements. The guidance is updated from a 2009 version to reflect the changes finalized this month.
Should I file a CTR?
FinCEN will hold an informational webinar on Tuesday, May 8, 2012, to discuss the updated technical specifications for FinCEN’s new CTR and SAR and the recently released specifications for FinCEN’s new DOEP report.
FinCEN has updated its BSA E-Filing System’s User Test System website to allow for testing submissions of batch and computer-to-computer filings of FinCEN’s new CTR and SAR. The site also offers a preview of the PDF versions of the new reports.
FinCEN announced that the deadline for financial institutions to utilize its new Currency Transaction Report and Suspicious Activity Report has been extended to March 31, 2013.
FinCEN has released electronic filing requirements for the Currency Transaction Report (CTR) and Suspicious Activity Report (SAR). The BSA E-Filing system will begin accepting batch filings matching the specifications for the new CTR and SAR in December 2011.
Your update of the regulatory landscape.