ITG FAQ #2 Answer-What forms should be used? |
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The following forms should be used:
- FinCEN Form 103, Currency Transaction Report by Casinos (CTRC), must be filed by certain casinos to report each transaction in currency involving either currency in or currency out of more than $10,000.
- FinCEN Form 104, Currency Transaction Report (CTR), must be filed by financial institutions, defined as banks, other types of depository institutions, brokers or dealers in securities, money transmitters, currency exchangers, check cashers, and issuers and sellers of money orders and traveler’s checks for each deposit, withdrawal, exchange of currency or other payment or transfer that involves a currency transaction exceeding $10,000.
- FinCEN Form 105, Report of International Transportation of Currency or Monetary Instruments (CMIR), must be filed by any person who transports, mails or ships or has someone else transport, mail or ship currency or monetary instruments in excess of $10,000 into or out of the country or who receives such items into the United States from abroad.
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Page Last Reviewed or Updated: November 19, 2008