FinCEN reminds of CTR format change as of June 1

Currency transaction reports (CTRs) will transition to a new format June 1, according to a reminder issued Tuesday by the Financial Crimes Enforcement Network (FinCEN) for batch CTR e-filers. Financial institutions that batch file must file using the new XML format, the agency says. “If a financial institution is unable, then they must revert to the discrete option to file their reports until they are able to file using the new XML format,” according to the notice.

The CTR form available on the Bank Secrecy Act (BSA) E-filing System was updated last August to incorporate layout and data field changes explained in a February 2016 Federal Register notice.

FinCEN notices to CTR batch ACSII E-filers

Federal Register notice of information collection, Feb. 2, 2016