On April 12th, the Financial Crimes Enforcement Network published new final rules replacing a requirement that mutual funds file IRS/FinCEN Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business, with a requirement to file FinCEN Form 104, Currency Transaction Report. Both forms document a transaction in currency above $10,000, but differ in some technical aspects. FinCEN Press Release.
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New FinCEN rules require mutual funds to file currency transaction reports
- Winston & Strawn LLP
- USA
- April 19 2010
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Audrey E Mross
Labor & Employment Attorney
Munck Carter LLP