FinCEN Seeks Comments on the Renewal of CTR Requirements

On February 5, 2024, FinCEN issued a notice and request for comments regarding the renewal, without change, of existing information collection requirements relating to reports of transactions in currency. Under Bank Secrecy Act, financial institutions are required to report transactions in currency of more than $10,000 using FinCEN Form 112 or the Currency Transaction Report (CTR)

Written comments must be received on or before April 5, 2024.

The notice can be found here.

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