fincen form 112 the currency transaction report is filed with the department of the treasury.
fincen form 112 the currency transaction report is filed with the department of the treasury.
fincen form 112 the currency transaction report is filed with the?
department of the treasury
fincen was established by order of the secretary of the treasury (treasury order numbered 105-08) on april 25, 1990. in may 1994, its mission was broadened to include regulatory responsibilities, and in october 1994 the treasury department's precursor of fincen, the office of financial enforcement was merged with fincen. on september 26, 2002, after title iii of the patriot act was passed, treasury order 180-01 made it an official bureau in the department of the treasury. in september 2012, fincen's information technology called fincen portal and query system migrated with 11 years of data into fincen query, a search engine similar to google. it is a "one stop shop" accessible via the fincen portal allowing broad searches across more fields than before and returning more results. since september 2012 fincen generates 4 new reports: suspicious activity report (fincen sar), currency transaction report (fincen ctr), the designation of exempt person (doep) and registered money service business (rmsb).
financial crimes enforcement network
a currency transaction report (ctr) reports cash transactions exceeding $10,000 in one business day, regardless of whether it's in one transaction or several cash transactions. it is filed electronically with the financial crimes enforcement network (fincen) and is identified as fincen form 112 (formerly form 104).
bank secrecy act