{
  "body_html": "<h2>SAR, CTR, and CMIR Filing</h2>\n<p>There are three reports you may need to file to follow federal law.</p>\n<p><strong>SAR — Suspicious Activity Report.</strong> A SAR flags transactions that look like a crime. If a transaction of <strong>$2,000 or more</strong> seems suspicious, you must tell the <strong>BSA/AML Compliance Officer</strong> the same business day. The BSA/AML Compliance Officer reviews the facts and decides whether to file <strong>FinCEN Form 111</strong> through BSA E-Filing. The deadline is <strong>30 calendar days</strong> from when the suspicious activity was first noticed. If the suspicious activity keeps happening, a new SAR must be filed every <strong>90 days</strong>. You must keep the SAR and all related documents for <strong>five years</strong>. Never tell a customer — or anyone outside Advanced Compliance Technology, Inc. — that a SAR was filed. This is a legal requirement.</p>\n<p><strong>CTR — Currency Transaction Report.</strong> A CTR tracks large cash transactions. If a customer uses more than <strong>$10,000 in cash</strong> in a single business day — even across multiple transactions — you must file <strong>FinCEN Form 112</strong> through BSA E-Filing. Before completing the transaction, collect the customer's name, address, date of birth, and government-issued photo ID number. The deadline is <strong>15 calendar days</strong> from the transaction date. Keep the CTR for <strong>five years</strong>.</p>\n<p><strong>CMIR — Currency or Monetary Instrument Report.</strong> If someone physically carries more than <strong>$10,000 in cash or monetary instruments</strong> into or out of the United States, <strong>FinCEN Form 105</strong> must be filed within <strong>15 calendar days</strong>.</p>\n<p><strong>Structuring is illegal.</strong> Structuring means breaking up cash transactions on purpose to avoid the $10,000 reporting limit. You must report any signs of structuring to the <strong>BSA/AML Compliance Officer</strong> immediately. In <strong>Florida</strong>, structuring above $300 is a third-degree felony. Above $20,000, it is a second-degree felony. Above $100,000, it is a first-degree felony. These penalties apply to any employee who helps a customer structure transactions.</p>",
  "narration_text": "There are three reports you may need to file to follow federal law.\r\n\r\nSAR — Suspicious Activity Report. A SAR flags transactions that look like a crime. If a transaction of $2,000 or more seems suspicious, you must tell the BSA/AML Compliance Officer the same business day. The BSA/AML Compliance Officer reviews the facts and decides whether to file FinCEN Form 111 through BSA E-Filing. The deadline is 30 calendar days from when the suspicious activity was first noticed. If the suspicious activity keeps happening, a new SAR must be filed every 90 days. You must keep the SAR and all related documents for five years. Never tell a customer — or anyone outside Advanced Compliance Technology, Inc. — that a SAR was filed. This is a legal requirement.\r\n\r\nCTR — Currency Transaction Report. A CTR tracks large cash transactions. If a customer uses more than $10,000 in cash in a single business day — even across multiple transactions — you must file FinCEN Form 112 through BSA E-Filing. Before completing the transaction, collect the customer's name, address, date of birth, and government-issued photo ID number. The deadline is 15 calendar days from the transaction date. Keep the CTR for five years.\r\n\r\nCMIR — Currency or Monetary Instrument Report. If someone physically carries more than $10,000 in cash or monetary instruments into or out of the United States, FinCEN Form 105 must be filed within 15 calendar days.\r\n\r\nStructuring is illegal. Structuring means breaking up cash transactions on purpose to avoid the $10,000 reporting limit. You must report any signs of structuring to the BSA/AML Compliance Officer immediately. In Florida, structuring above $300 is a third-degree felony. Above $20,000, it is a second-degree felony. Above $100,000, it is a first-degree felony. These penalties apply to any employee who helps a customer structure transactions."
}