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→FinCEN
==FinCEN==
==FinCEN==
Section 5313 of the Banking Secrecy Act (BSA) requires a Currency Transaction Report (CTR) of cash deposits or transactions of $10,000 and above, which is IRS Form 4789, and a Currency Transaction Report by Casinos (CTRC), which is IRS Form 8362. Section 5316 of BSA also requires a Currency or Monetary Instrument Report (CMIR) for transport of $10,000 or more of currency in or out of the U.S. This is Customs Form 4790. Section 5314(a) of BSA requires reporting of foreign bank or financial accounts whose value exceeds $10,000 at any time during the preceding year. This is called a Foreign Bank Account Report (FBAR) and is Treasury form TDR 90-22-1. Section 60501 of the IRS Code requires the reporting of business transactions involving more than $10,000 cash. These are reported on IRS Form 8300.
Section 5313 of the Banking Secrecy Act (BSA) requires a Currency Transaction Report (CTR) of cash deposits or transactions of $3,000 and above, which is IRS Form 4789, and a Currency Transaction Report by Casinos (CTRC), which is IRS Form 8362. Section 5316 of BSA also requires a Currency or Monetary Instrument Report (CMIR) for transport of $10,000 or more of currency in or out of the U.S. This is Customs Form 4790. Section 5314(a) of BSA requires reporting of foreign bank or financial accounts whose value exceeds $10,000 at any time during the preceding year. This is called a Foreign Bank Account Report (FBAR) and is Treasury form TDR 90-22-1. Section 60501 of the IRS Code requires the reporting of business transactions involving more than $10,000 cash. These are reported on IRS Form 8300. Some of these dollar amounts have been revised downward by subsequent laws and regulations.
These and other forms are entered into the Treasury Financial Date Base (TFDB) and become available on-line in the Treasury Enforcement Communications System, TECS II. The TFDB data are processed through the FinCEN [[Artificial Intelligence]] (AI) System, which is trained to identify suspicious transaction patterns.
These and other forms are entered into the Treasury Financial Date Base (TFDB) and become available on-line in the Treasury Enforcement Communications System, TECS II. The TFDB data are processed through the FinCEN [[Artificial Intelligence]] (AI) System, which is trained to identify suspicious transaction patterns.