Finanças e mercados · 24/04/19961 min de leitura
Amendment to the Bank Secrecy Act RegulationsExemptions From the Requirement To Report Transactions in Currency
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Resumo
This document contains an interim rule eliminating the requirement to report transactions in currency in excess of $10,000, between depository institutions and certain classes of ``exempt persons'' defined in the rule. The interim rule applies to currency transactions occurring after April 30, 1996. It is adopted as a major step in reducing the burden imposed upon financial institutions by the Bank Secrecy Act and increasing the cost-effectiveness of the counter- money laundering policies of the Department of the Treasury. The interim rule is part of a process to achieve the reduction set by the Money Laundering Suppression Act of 1994 in the number of currency transaction reports filed annually by depository institutions.