Finanse publiczne · 27/10/2020

U.S. Agencies Propose Rule to Update Funds Transfer Reporting Threshold for International Transactions

The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board are proposing a rule to lower the threshold for reporting funds transfers and transmittals of funds that begin or end outside the United States, from $3,000 to $250, and to clarify the application of these rules to transactions involving convertible virtual currencies and digital assets with legal tender status.