Volume 7, Number 6FINCEN Adopts Revised CTR FormThe Financial Crimes Enforcement Network (FINCEN) has modified the Currency Transaction Report(“CTR”) form to facilitate the recording of the movement and exchange of foreign currency in excess of$10,000. The form,... Read MoreRead more about DFI Monthly Bulletin – December 2003
Volume 7, Number 5Money Transmitters Must Have Minimum $500,000 Tangible Shareholders EquityNew Law Takes Effect January 1, 2004Beginning January 1, 2004, all money transmitters must at all times maintain a minimum of $500,000 intangible shareholders’ equity. Assembly... Read MoreRead more about DFI Monthly Bulletin – November 2003
Volume 7, Number 4MTRA Elects Robert Venchiarutti SecretaryActing Deputy Commissioner Elected at Annual ConferenceActing Deputy Commissioner Robert Venchiarutti was elected secretary of the Money TransmittersRegulators Association (MTRA) at its annual conference in... Read MoreRead more about DFI Monthly Bulletin – October 2003
Volume 7, Number 3Managing Commercial Real Estate ConcentrationsA message from the Chief State Examiner, David ScottTen years ago today we were wrapping up the final documentation from the failure of Maritime Bank ofCalifornia, and preparing for the closure of... Read MoreRead more about DFI Monthly Bulletin – September 2003
Volume 7, Number 2Live Scan Fingerprinting Required For Money Transmitter ApplicationsEffective immediately, money transmitter licensees must submit fingerprints by using Live Scan, ratherthan fingerprint cards, whenever they submit an application for an agent or... Read MoreRead more about DFI Monthly Bulletin – August 2003