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Affected transactions and sanctions under the Bank Secrecy Act (BSA)

26 May 2018 No CommentEmail This Post Email This Post

AFFECTED Transactions A. Currency Transaction Report (CTR): You must report cash transactions in excess of $10,000 during the same business day. The amount over $10,000 can be either in one transaction or a combination of cash transactions. It is filed with the Internal Revenue Service. B. Monetary Instrument Log (MIL): You must indicate cash purchases…
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