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Form 109, Suspicious Activity Report by Money Services Business

Description

Updated on Jan 13, 2017

Form 109, Suspicious Activity Report by Money Services Business must be filed, under certain circumstances, by money transmitters; currency dealers and exchangers; and issuers, and sellers and redeemers of money orders and/or traveler's checks that are subject to the requirements of the Bank Secrecy Act.

In general, a report is required if one of the entities listed has reason to knows, suspects, or has reason to suspect, that a transaction involves more than $2,000, and meets any of the following criteria.

  • involves funds derived from illegal activities, or is designed to conceal the illegal nature of the source of the funds
  • is designed to violate any rules under the Bank Secrecy Act
  • has no business or apparent lawful purpose and the money services business knows of no reasonable explanation for the transaction
  • involves the use of the money services business to facilitate criminal activity

This Currency Transaction Report should not be filed for suspicious transactions involving $10,000 or less in currency or to note that a transaction of more than $10,000 is suspicious.

The file is in Adobe Portable Document Format (.pdf), and you will need the free Acrobat Reader to view and print the files. 

 

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