FinCEN: RFCs on Collection of Information re: CTRs, SARs, and Beneficial Ownership Requirements

As required by the Paperwork Reduction Act (PRA), through three separate requests for comment (RFC), FinCEN is soliciting input on existing information collections associated with: 

  • The Currency Transaction Report (CTR) (FinCEN Form 112); 
  • The Suspicious Activity Report (SAR) (FinCEN Form 111); and 
  • The Beneficial Ownership Requirements for Legal Entity Customers. 

The RFCs include the current estimated burden to comply with each of these reporting requirements. 

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