Introduction

The U.S. Government Accountability Office (GAO), an agency of Congress, has been mandated by the Financial Services Regulatory Relief Act of 2006 to review the usefulness of currency transaction reports (CTRs) filed by financial institutions, particularly to federal, state, and local law enforcement agencies, and the extent to which CTR filing rules are burdensome to depository institutions. As part of this effort, GAO is conducting a survey of a sample of financial institutions.

Thank you for your help in completing the survey. Your participation is essential to its success and will help to inform Congress about these issues. This questionnaire should be completed by your institution's Bank Secrecy Act (BSA) Compliance Officer, or that person's designee who is the most familiar with your institution's use of the CTR process. However, other officials may provide input into questions if appropriate.

Please complete this questionnaire within 10 business days of receipt. We appreciate your taking the time to participate in our survey - your participation is essential to its success.

Full Report: GAO-08-355

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