Category - FinCen

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Banks Have Quotas for Filing SARS & CTRs Reports with FinCen.

First, we need a glossary to deconstruct this myth that has been circulating among various conspiracy websites: CTR- Currency transaction report FinCEn- Financial Crimes Enforcement Network SARS- Suspicious Activity Reports FinCen was created by the Bank Secrecy Act and Anti-Money Laundering legislation. Obviously, it was designed to prevent criminals from hiding ill-gotten gains. (Just little …Read More