FinCEN Reminds CTR Filers of Batch Filing Deadline

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The Financial Crimes Enforcement Network (FinCEN) issued a notice today to remind financial institutions that Currency Transaction Reports (CTRs) will no longer be accepted in ACSII format effective June 1, 2018. Financial institutions that batch file must file using the new XML format.  If a financial institution is unable, then it must revert to the discrete option to file its reports until it is able to file using the new XML format.

Click here for the notice.

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