Adjustments would bring add’l accuracy in determining CTR costs

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CUNA supports the FinCEN updating the Paperwork Reduction Act burden estimates from complying with a BSA requirement for financial institutions to report transactions in currency of more than $10,000 using a CTR. The proposed updates change the PRA analysis for new CTR rulemakings.

https://news.cuna.org/articles/118101-adjustments-would-bring-addl-accuracy-in-determining-ctr-costs