BSA Electronic Filing Requirements For The Currency - FinCEN

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Attachment A – Definitions Financial Crimes Enforcement Network Below are the definitions for terms specific to this document. General definitions are contained in the General Specifications document. Term Description Aggregation Aggregation occurs when all cash in (received) and all cash out (disbursed) in one business day must be added together SEPARATELY to determine if the total cash in or out exceeds the $10,000 reporting requirement. When aggregating, cash in monies are never added to or subtracted from cash out monies to determine the reportable dollar amounts. For a more thorough definition and proper reporting please contact the Compliance Review Group at 1-800-800-2877, and follow prompts. Bank For DEP purposes, bank refers to a commercial bank or trust company, a private bank, a savings and loan association, a credit union, or any other financial institution defined as a bank in 31 CFR 103.11(c). CTR Currency Transaction Report (FinCEN Form 104). DOEP Designation of Exempt Person (FinCEN Form 110) Negotiable Instrument All checks and drafts (including Instruments business, personal, bank, cashier’s and third-party), money orders, and promissory notes. For purposes on the CTR, all traveler’s checks shall also be considered negotiable instruments whether or not they are in bearer form. Owner An individual or organization on whose behalf the transaction is conducted. Organization For CTR purposes, an organization is a person other than an individual. Payee Individual(s) or organization(s) to whom the check or wire transfer of funds is made payable. Person For CTR purposes, a person is an individual, corporation, partnership, trust or estate, joint stock company, association, syndicate, joint venture or other incorporated organization or group. Transaction For CTR purposes, the physical transfer of currency from one in Currency person to another. This does not include a transfer of funds by means of bank check, bank draft, wire transfer or other written order that does not involve the physical transfer of currency. Transactor An individual, other than the owner, who conducted the currency transaction. BSA Electronic Filing Requirements For The Currency Transaction Report (CTR) (FinCEN Form 104) and Designation of Exempt Person (DOEP) (FinCEN Form 110) 37
Financial Crimes Enforcement Network Attachment B - Error Code List Error Code Error Description Record Field Position Form Field Number File Errors All file errors will result in rejection of batch files (does not include error code F24). F01 F02 F03 F04 F08 F09 F10 Non-numeric record counts reported on 1A summary record. Number or records reported does not match the computer count for the 2A record or 2A record is not the second record on the file. Number of records reported does not match the computer count for the 2B record or 2B record is not the third record on the file. Number of records reported does not match the computer count for the 3A record, or 3A is not the fourth record on the file or the 3A record has no corresponding 5A record. Number of records reported does not match the computer count 3E records. Number of records reported does not match computer count for 4A records. Number of records reported does not match computer count for 5A records. F16 No Transmitter (1A) Record on file. F17 No Branch Summary (9A) Record on file or a 9A record is found with no prior 3A record. F18 No File Summary (9Z) Record on file. F19 F20 Branch summary amounts do not equal total of transaction amounts. File summary amounts do not equal total of transaction amounts. BSA Electronic Filing Requirements For The Currency Transaction Report (CTR) (FinCEN Form 104) and Designation of Exempt Person (DOEP) (FinCEN Form 110) 38
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Page 8 and 9: Purpose Financial Crimes Enforcemen
Page 10 and 11: Financial Institution Branch Summar
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Page 14 and 15: Field Position 112-120 Institution
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BSA Electronic Filing Requirements For The Currency - FinCEN

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