The Financial Crimes Enforcement Network (FinCEN) is notifying filers the mailing address for filing the Currency and Monetary Instrument Report (CMIR) has been changed. Individuals and shippers and mailers that mail the report must use the following new address:
Passenger Systems Program Directorate # 1256
7375 Boston Blvd.
DHS, VA 20598-1256
The address is the only change to the report and has been included in the July 2017 version of the CMIR on the FinCEN website.
If you are not familiar with this report, or wondering if it applies to your institution, this report is required by 31 U.S.C. 5316 and Treasury Department regulations (31 CFR Chapter X).
Who Must File: Each person who physically transports, mails, or ships, or causes to be physically transported, mailed, or shipped currency or other monetary instruments in an aggregate amount exceeding $10,000 at one time from the United States to any place outside the United States or into the United States from any place outside the United States, and;
Each person who receives in the United States currency or other monetary instruments In an aggregate amount exceeding $10,000 at one time which have been transported, mailed, or shipped to the person from any place outside the United States.
A transfer of funds through normal banking procedures, which does not involve the physical transportation of currency or monetary instruments, is NOT required to be reported.
There are also certain exceptions outlining when reports are not required to be filed.
If you are looking for upcoming BSA/AML training, we are offering a variety of webinars on specific BSA/AML topics. We also have a Live Event coming up this Fall. Be sure to check out our store for more information.