Compliance Question of the Week

Are we required to give out copies of CTRs?

Credit Unions Must E-file BSA Forms by July 1

FinCEN will require almost all BSA reports, including CTRs, SARs and designations of exempt persons, to be e-filed as of July 1.

FinCEN Extends Deadline for Adopting New CTR and SAR

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.